B7/555 West Granada Boulevard

Ormond Beach FL 32174

784 sq. ft.

785 sq. ft.

Duplex

Currently for sale - view listing

Overview

Income-producing executive office condominium with immediate cash flow and value-add potential! Renovated 784 SF office condo featuring three private suites, reception/waiting area, kitchenette, private restroom, keypad entry, and ample common parking. Two suites are leased with an existing shared occupancy arrangement generating additional rental income. Pursuant to the current lease, the shared tenant has the option to lease the entire suite at a higher rental rate upon transfer of ownership, providing built-in upside. Current gross annual income is approximately $22,880 with potential gross income of approximately $31,720 when fully leased. HOA includes roof, exterior maintenance, landscaping, parking, water, sewer, trash, and building insurance. Excellent Granada Blvd. location with approximately 35,000 AADT. Ideal investment or owner-user opportunity for medical, wellness, counseling, legal, insurance, accounting, or professional office use.