Bank of America - DeLand, FL — Sale in Deland, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Deland, FL 32720
  • Year built: 1978

Photos

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Investment Figures

Cap rate
11.40%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is proud to present for sale the Bank of America Building at 230 N Woodland Blvd in DeLand, Florida, a prominent, institutionally anchored office asset positioned in the center of one of Central Florida’s most historic and dynamic downtown districts. Offered at less than $100 per square foot, the property pairs stable credit tenancy with substantial value-add potential through strategic modernization and lease-up of significant available space. Located directly along North Woodland Boulevard—widely recognized as Florida’s premier Main Street—the building benefits from exceptional visibility, approximately 280 feet of frontage, and steady vehicular traffic along two primary commercial corridors. Its location less than one mile from Stetson University further enhances demand. Stetson enrolls more than 4,400 students and employs over 265 full-time faculty, generating year-round daytime density and supporting robust demand for professional services, administrative offices, and university-adjacent uses. The surrounding area is anchored by a concentration of government, civic, and cultural institutions, all within walking distance. The property sits steps from the Volusia County Courthouse, Law Library, County Tag & Title Office, DeLand Police Department, DeLand Fire Department, the Downtown DeLand Historic District, and multiple museums and civic facilities. Investment Highlights: • Institutionally anchored downtown of?ce asset with exceptional Main Street visibility • Proximity to Stetson University, driving strong year-round professional service demand • Three access points and active drive-through support high-volume operations • Signi?cant value-add through modernization and strategic lease-up initiatives • Opportunity Zone location enhances redevelopment incentives and investor tax bene?ts

Market Context

This office in Deland, FL is listed for sale. It is offered at an approximate 11.4% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1978. Compare it against other office listings for sale in Deland, FL — view the full market.

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