2016 Atlantic AveDaytona Beach, FL 32118

Property Details for 2016 Atlantic Ave

Year built

1952

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.09 AC

Property size (Sq ft)

3,066 SF

Property type

Retail properties

Property subtype

Retail space

APN

5316-21-00-0071

APU

531621000071

Description

This exceptional mixed-use property in Daytona Beach Shores, Florida, presents a lucrative investment opportunity with two distinct income streams. Located on Atlantic Avenue, directly across from the beach, the building boasts 3,066 square feet and is currently 100% occupied. The ground floor comprises 1,860 square feet, fully leased as a retail storefront under a modified lease with one year remaining. Upstairs, a 1,200-square-foot, two-bedroom, one-bathroom apartment operates as a highly successful Airbnb, generating $30,000 in year-to-date income. The second floor also features a deck/balcony accessible from both the apartment and the rear of the building. The property is zoned GCRC, allowing for a variety of permitted uses. While this building is available for purchase individually, the seller also owns three adjacent parcels and may be willing to negotiate a package deal. All measurements are approximate, and all information should be independently verified. Serious inquiries only

• CAP approach

  CAP return

  Valuation

  6%

  $946,961

  6.5%

  $874,118

  7%

  $811,681

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,141,216

  Geo Method

  $862,489

• Alternative Use

  Use

  Valuation

  Residential

  $737,351

  Hospitality

  $675,410

  Educational

  $561,933

  Medical

  $581,259

  Retail

  $874,118

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.2022

Longitude

-80.9964

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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