2016 S ATLANTIC AVE Daytona Beach, FL 32118
3,066 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,066 sqft
Price per Sqft $326
Subdivision Armstrong
MLS Listing ID O6407889
Construction Status Completed
HOA Y/N No
Year Built 1952
Annual Tax Amount $2,870
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 31x130
Property Sub-Type Mixed Use
Source Stellar MLS
Property Description
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.
Location
State FL
County Volusia
Community Armstrong
Area 32118 - Daytona Beach/Holly Hill
Zoning GC-RD
Interior
Heating Central
Cooling Central Air
Appliance Dishwasher, Dryer, Microwave, Refrigerator, Washer
Exterior
Utilities Available Water Connected
Building
Story 2
Foundation Slab
Lot Size Range 0 to less than 1/4
Water Public
Structure Type Block,Concrete,Stucco
New Construction false
Construction Status Completed
Others
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6407889
