About 725 W Granada Boulevard
Three fully leased office condo units offered as a portfolio on Ormond Beach's busiest commercial corridor. Granada Professional Center offers three office condo units built in 2006, featuring high ceilings, storm-rated doors and windows, ample on-site parking, and prominent multi-tenant monument signage along W. Granada Boulevard (State Road 40), which carries over 33,500 vehicles per day. The units are 100% occupied by Hopkins Hearing Institute, Seahaven Chiropractic, and The Vanity Room Salon, delivering a diversified, healthcare-focused income stream supported by a surrounding trade area with an average age of 51.1 and household incomes approaching $84,300 within three miles. Offered at $772,000 with a 7% cap rate and a current NOI of $53,951.69, this is a rare, fully stabilized investment opportunity well suited for a private investor or 1031 exchange buyer seeking low management, cash-flowing assets in a high-demand Florida market. Fully leased office condo portfolio Healthcare-focused income stream Cap Rate 7% Strong visibility on Ormond Beach's prime corridor
Features of 725 W Granada Boulevard
| MLS® # | 1225930 |
|---|---|
| Price | $772,000 |
| Type | Commercial Sale |
| Sub-Type | Office |
| Status | Active |
Community Information
| Address | 725 W Granada Boulevard |
|---|---|
| Area | 44 - Ormond N of 40, S Tomoka River, E of US1 |
| City | Ormond Beach |
| County | Volusia |
| State | FL |
| Zip Code | 32174 |
Amenities
| Parking | Other |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
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Exterior
| Lot Description | Other |
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Listing Details
| Office | SVN Alliance Commercial Real Estate Advisors |
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