601 Main St BrgDaytona Beach, FL 32118

Property Details for 601 Main St Brg

Property size (Sq ft)

4,428 SF

Property type

Retail properties

Property subtype

Bars

Description

This 4,428 square foot Class B retail bar in Daytona Beach, Florida, is available for $850,000. Located at 601 Main St Bridge, 32118, this single-tenancy property boasts a 10.67% cap rate and features 50 parking spaces. The property is currently under a gross lease with a remaining term of 10 years, commencing May 1, 2024, and includes 3% annual rent bumps and two lease options. The price per square foot is $191.96. The building includes a fully equipped kitchen, a spacious main bar area, a stage, dance floor, and both indoor and outdoor seating areas. Recent upgrades include new compressor units for walk-in coolers and ongoing improvements are in progress. The property benefits from its location on Main Street and proximity to events like Bike Week, offering consistent business opportunities. The versatile layout allows for various business uses. This is an owner/user investment opportunity with a three-year lease term. The property is situated in Volusia County and enjoys a prime location in a revitalizing area of Daytona Beach. The building's design is adaptable to different business models, making it a flexible and valuable asset. The sale includes the kitchen vent hood system.

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.2259

Longitude

-81.011

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