2016 S Atlantic Avenue, Daytona Beach, FL 32118
- $1,000,000
- 3,066
- SqFt
- List Price
- $1,000,000
- Status
- Active
- Days on Market
- 74
- MLS#
- O6407889
- Property Style
- Mixed Use
- Year Built
- 1952
- Living Area
- 3,066
- Lot Size
- 4,017
- Acres
- 0.09
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Armstrong
- MLS Area Major
- Daytona Beach/Holly Hill
Property Description
One or more photo(s) has been virtually staged. Prime mixed-use opportunity offering immediate income and long-term upside. The ground floor features a 1,866 SF retail space currently leased at $2,500/month, providing stable cash flow. Upstairs, a 1,200 SF residential unit is operating as a high-performing Airbnb, averaging $4,000/month in income. This asset produces an estimated NOI of $78,000 annually with a 7.6 cap rate, making it an attractive option for investors seeking versatility. other Parcels may be included for an addition two retail storefronts with a total of 12,777 sqft. and turnkey flexability. Investment highlights Growing Redevelopment Corridor Located in an area experiencing ongoing investment, redevelopment, and increasing commercial demand. Immediate Cash Flow Income-producing asset featuring a leased 1,866 SF retail space at $2,500/month and an upstairs Airbnb unit averaging approximately $4,000/month. Strong Investor Returns Estimated NOI of approximately $78,000 annually with a 7.6 cap rate and long-term upside potential. Flexible Potential Permitted uses include retail, restaurants, medical offices, professional offices, entertainment venues, service establishments, banks, galleries, and recreational facilities.
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Additional Information
- Taxes Annual
- $2870
- Community Features
- No Deed Restriction
- Zoning
- GC-RD
- Appliances
- Dishwasher, Dryer, Microwave, Refrigerator, Washer
- Utilities
- Water Connected
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Block, Concrete, Stucco
- Foundation
- Slab
- Pool
- No Pool
- Flood Zone Code
- x
- Parcel ID
- 531621000071
- Legal Description
- LOT 7 EXC S 100 FT MEAS ON ATLANTIC AVE PER DB 470 PG 369 & EXC N 13 FT MEAS ON ATLANTIC AVE BEING 30.9 FT ON W/S ARMSTRONG SUB MB 9 PG 280 PER OR 4888 PG 3725 PER OR 5559 PG 770 PER OR 6831 PG 0985
Listing courtesy of ROY & COMPANY. 386-516-3122
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