1201 Atlantic Ave Daytona Beach, FL 32118

This exceptional investment opportunity encompasses three parcels totaling 2.66 acres of oceanfront land in Daytona Beach, Florida, at 1201 S Atlantic Ave, zip code 32118. The property, with APNs 530938010080, 530938010050, and 530938010100, is zoned T-1 and boasts approved plans for a 25-story building featuring 270 residential condo hotel units. The project's buildable square footage is 281,922 square feet. This prime location offers unparalleled beachfront access and proximity to major attractions, including the Daytona Beach Pier (1.1 miles), Ocean Center (1.4 miles), Embry-Riddle Aeronautical University (3.7 miles), Volusia Mall (4.3 miles), Daytona International Speedway (4.6 miles), and Daytona International Airport (4.6 miles). The site benefits from high traffic volume on South Atlantic Ave (12,000 AADT). A City of Daytona Beach Planned District Agreement was approved in December 2023. The asking price for this remarkable development opportunity is $11,000,000. Individual parcel sizes are 0.98 acres (42,688 sq ft), 0.48 acres (20,909 sq ft), and 0.40 acres (17,424 sq ft).