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120 E New York Ave - Ritter's Towne Center

9,152 SF Retail Condo Unit Offered at $1,750,000 in Deland, FL 32724

Investment Highlights

  • Tenants in place
  • Prime location
  • Short term leases with potential upside
  • Owner may consider individual sale of units
  • Commercial zoning

Executive Summary

Situated in the picturesque downtown area of DeLand, the neighborhood center enjoys a prime location within walking distance to iconic landmarks, boutique shops, acclaimed restaurants, and beautiful parks. With its central location, it's easily accessible to both residents and visitors. Ample parking space included with overflow options nearby.

Property Facts

Price $1,750,000
Unit Size 9,152 SF
No. Units 1
Total Building Size 13,034 SF
Property Type Retail (Condo)
Property Subtype Storefront Retail/Office
Sale Type Investment
Building Class C
Floors 1
Typical Floor Size 13,034 SF
Year Built 1965
Lot Size 0.31 AC
Opportunity Zone Yes

1 Unit Available

Unit A-E & G-H

Unit Size 9,152 SF
Price $1,750,000
Price Per SF $191.22
Condo Use Retail
Sale Type Investment
No. Parking Spaces 18
APN/Parcel ID 7016-01-02-0027
Sale Notes

Your chance to own a unique neighborhood center situated in the growing community of Downtown DeLand. DeLand, Florida, is experiencing significant growth and is quickly becoming a thriving community for a variety of compelling reasons. Its strategic location, nestled between the bustling cities of Orlando and Daytona Beach, offers residents the convenience of urban amenities while maintaining a charming small-town atmosphere. DeLand boasts a rich historical heritage, with a vibrant downtown that features a wide range of unique shops, restaurants, and cultural attractions. The presence of Stetson University, a prestigious institution, has helped create an educated and diverse population, fostering innovation and a strong sense of community. The city's commitment to green spaces, parks, and recreational opportunities adds to its appeal, attracting families and outdoor enthusiasts. With a robust job market, affordable housing options, and a warm climate, DeLand is a magnet for those seeking a high quality of life, making it an ever-growing and dynamic community.

Included in the sale are units A, B, C, D, E, G and H (F not included). Solid brick construction and tenants in place for all included units. Owner may consider individual sale of units.

Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Checkers
First Horizon Bank
Fairwinds Credit Union
Krispy Krunchy Chicken
TD Bank
Bank of America
PNC Bank
CrossFit

zoning

Zoning Code C-2A (C-2A Downtown Commercial District (City of DeLand))
C-2A (C-2A Downtown Commercial District (City of DeLand))
  • Listing ID: 30005168

  • Date on Market: 11/8/2023

  • Last Updated:

  • Address: 120 E New York Ave, Deland, FL 32724

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