120 Atares AveDaytona Beach, FL 32118

Property Details for 120 Atares Ave

Year built

1956

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

This exceptional Daytona Beach Shores investment property, located at 120 Atares Avenue, offers a unique blend of existing income and significant development potential. The 24,829.2 square foot lot, zoned RMF-2, allows for the construction of up to 19 units, making it ideal for a variety of projects including prestigious condominiums, a boutique hotel, or upscale residential development. The property's strategic location near both the Halifax River and the Atlantic Ocean provides unparalleled access to desirable amenities and breathtaking views. Currently, a charming one-bedroom, one-bathroom home sits on the property and is utilized as a short-term rental, generating immediate cash flow. Built in 1956, this property encompasses eight individual lots, presenting a rare opportunity to acquire a substantial land parcel in a highly sought-after coastal location. The asking price for this multifamily, retail, and land opportunity is $575,000. This property is classified as commercial, apartment building, business, and duplex/triplex/quadruplex. Don't miss this chance to capitalize on the thriving Daytona Beach Shores real estate market.

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.1595

Longitude

-80.9753

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