Bank of America 230 N Woodland Blvd 64,075 SF Office Building Deland, FL 32720 $8,992,035 CAD ($140.34 CAD/SF) 10.39% Cap Rate

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 approximately $101 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. This cluster drives strong daytime activity and enhances the appeal for tenants requiring convenient access to judicial, administrative, and public-sector operations.
The site’s regional connectivity is another key advantage. Positioned approximately four miles from Interstate 4—Central Florida’s primary east-west artery linking Orlando, Lake Mary, Sanford, and Daytona Beach—the property offers efficient access for regional commuters and clients. Three points of access on the north, south, and west sides of the parcel support smooth circulation and accommodates high-volume operations, including the existing Bank of America drive-through.
The tenancy is anchored by Bank of America, one of the nation’s strongest financial institutions with over 3,700 national locations, and the Florida Department of Children and Families—two essential, stability-oriented occupants generating consistent traffic and predictable long-term income. Their presence establishes a solid foundation for repositioning the available space.
This office asset offers significant upside through targeted upgrades. Enhancements to interior finishes, lighting, mechanical systems, and common areas would substantially improve marketability and may qualify for accelerated depreciation. In addition, the property’s location within a designated Opportunity Zone unlocking potential tax advantages and further incentivizing reinvestment.
Cap Rate & NOI are Proforma