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$649,000

Active

4851 US Highway 17 Hwy, De Leon Springs, FL 32130

2,460 sq ft

Listing courtesy of GREENE REALTY OF FLORIDA LLC · MLS# V4949428

119 days on market

Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .

About this property

Exceptional investment and owner-user opportunity located on highly visible US Highway 17 in De Leon Springs, Florida. This income-producing commercial property consists of approximately 2,460 square feet of building area plus a 610-square-foot canopy situated on approximately 0.66 acres with excellent highway frontage and exposure. Currently configured as six dwelling/lodging units and fully leased to a well-established nonprofit organization, the property generates $72,000 in annual gross income. The flexible layout and zoning create multiple potential future uses, including motel operations, workforce housing, transitional housing, lodging, or other commercial applications, subject to applicable approvals. The property benefits from direct access to US Highway 17 and is strategically located between DeLand and De Leon Springs, providing convenient access throughout Volusia County. Municipal sewer service has already been extended to the property, creating a clear path for future utility modernization and long-term operational improvements. Investors will appreciate the existing income stream and value-add potential, while owner-users will recognize the property’s visibility, accessibility, and redevelopment opportunities. Whether continuing its current use or repositioning the asset for future hospitality or housing operations, this property offers a unique combination of cash flow, flexibility, and long-term upside. The property is currently fully occupied and operated by a nonprofit organization serving individuals and families in need of housing assistance. Ownership is committed to minimizing disruption to the residents and ongoing operations. Please do not disturb occupants or staff. All showings are by appointment only and must be coordinated through the listing agent. Qualified buyers may be afforded private showings with reasonable advance notice. All information contained herein has been obtained from sources believed to be reliable and has been diligently investigated; however, no warranty or representation is made as to its accuracy or completeness. Buyers and their representatives are encouraged to independently verify all information, measurements, zoning, permitted uses, income, expenses, utility availability, and other matters material to their purchase decision. Offered at $649,000.

Facts

Property type
Hotel/Motel
Year built
1958
Exposure
Southwest
Flood zone
X
Annual taxes
$4,049/yr
Listed
2026-06-03
MLS #
V4949428

Commercial details

Building & site

Building size
3,070 SF
Lot size
0.66 acres (28,600 SF)
Zoning
01B4
Ceiling height
8 to 9 Feet
Parking spaces
7
Road frontage
200 ft · Highway
Buildings
2
Occupancy
Tenant-occupied
Building features
Bathrooms

Investor metrics

Price per SF (MLS)
$211.40/SF
Cap rate
8.8%
Net operating income
$57,123/yr
Gross income
$72,000/yr
Annual expenses
$14,877/yr
Units
6

As reported by the listing broker in the MLS. Not verified by Lasbury-Tracy Realty — confirm with the listing broker before relying on them. We never estimate a cap rate.

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4851 US Highway 17 Hwy, De Leon Springs, FL 32130

Listing courtesy of GREENE REALTY OF FLORIDA LLC · MLS# V4949428 · Active

How would you like to see it?
Which day?
What time of day?

In person · Thu, Oct 1 · Morning (9-12)

No account, no obligation. Prefer to talk? (941) 474-5585

Where this property is

Opens on aerial — on this coast the canal, the lot and the neighbours answer more questions than a street grid does.

Listing information is provided in part by Stellar MLS, as distributed by MLS GRID. Based on information submitted to the MLS as of Sep 30, 2026, 7:58 PM (ET). All data is obtained from various sources and may not have been verified by broker or MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.

Lasbury Tracy Realty Inc. · [email protected]