440 S Beach Street, Daytona Beach, FL 32114

Property Description

Finally, the investment opportunity you’ve been looking for! Historic downtown Riverfront location with over 100 feet of frontage facing the Halifax river. Originally built in 1940 as the winter home of wealthy Minnesotan Peter Siem, 440 & 442 S Beach St in Daytona Beach, Florida offer two buildings: a 3-story historic masterpiece spanning over 7,100 square feet of heated and cooled space AND a single-story professional office building containing approximately 3,000 square feet of heated and cooled space. Zoned RDD-6 and located in the City of Daytona Beach Downtown Redevelopment Zone, the property is ready for multi-family, commercial, office, or even single family use. AND its historic significance qualifies your investment for commercial or residential City of Daytona Historic Preservation Grants that can offer up to $75,000 toward window replacement and installation, fire protection, or modifications to improve ADA access. RDD-6 allows for adaptive reuse, Single Family Residences, Multi-family, Restaurants, Night Clubs, Micro-Brewery’s, Professional Offices, Business Services and more! The main building is four stories, including approximately 2,400 square feet in the basement (ground floor), 2,700 square feet on the first floor, 2,500 square feet on the second floor, and 1,900 square feet on the third floor. Basement houses five rooms plus a non-functioning bathroom and a large walk in safe. The first floor consists of a large foyer, light and bright conference room, a kitchen/break room, approximately seven offices, two restrooms and a storage room. The second floor contains approximately seven offices, an over sized work room connected to one of the offices, and three restrooms. The third floor consists of one office, one restroom and a large conference room. The building is centrally heated and cooled by four ground based HVAC units on the North side of the building (2017). Currently 20 existing parking spaces and room for more with modification of the one story dwelling. Existing newly constructed exterior fire escape with access to all floors. The Volusia area is world renown for its tourism industry, attracting millions of visitors annually. Specifically, Daytona Beach demand for office space, multi-family housing, retail space and industrial space trends stronger than demand nationwide, leading to substantial growth across multiple real estate sectors. The historic downtown area where the property sits continues for nearly 14 blocks along the Halifax River and has seen significant recent neighborhood improvements including include the News Journal Performing Arts Center, Halifax Historical Museum, City Hall, Halifax Harbor Marina, Riverfront Park, City Island Park, Manatee Island, and the Halifax River Yacht Club. With the Halifax Harbor Marina & Park directly across the street, North Beach Street’s shops and dining just three blocks away, & the Halifax River Yacht Club two blocks away, this property is just waiting for the right owner to realize its investment potential.