4930 US HIGHWAY 17 at

4930 US HIGHWAY 17

For sale Days on market 37

$439,000

$242/sq ft

$10,000
Price Decreased

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Overview

Year Built

1949

Sqft

1815

Property Type

Mixed Use

Property Description

Discover a fully income-producing mixed-use investment property in the growing corridor of De Leon Springs. This four-unit building generates $3,500 month in rental income ($43,800 annually) and delivers a strong 7.56 true CAP rate at the current asking price. Situated on a 0.67-acre corner lot with high-visibility frontage on US-17, the property offers exceptional exposure, easy access, and long-term upside. The building features 1,815 sq ft of rentable space across four residential units, with all units currently occupied. Flexible B-4/Mixed Commercial zoning allows for a broad range of uses including retail, office, residential, and mixed-use configurations, making this an attractive opportunity for investors or an owner-user seeking supplemental income. With a low building-to-land ratio and a large lot, the site also offers potential for expansion, reconfiguration, or future redevelopment (buyer to verify with county). Flood Zone X provides additional cost efficiency as no flood insurance is required. Located minutes from Downtown DeLand and surrounded by area growth, this stabilized asset provides immediate cash flow with strong long-term potential.

Property Details

MLS#

O6364906

Address

4930 US HIGHWAY 17

City

DE LEON SPRINGS

State/county

Zip/Postal Code

32130

Area

Kirchof

Country

United States

HOA

Yes

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$3,387

Maint Fee

$--

Tax Year

2023

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