136 Atlantic AveDaytona Beach, FL 32118

Property Details for 136 Atlantic Ave

Year built

1984

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.25 AC

Property size (Sq ft)

1,940 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

5304-01-04-0130

APU

530401040130

Description

This thriving Daytona Beach restaurant, located at 136 S Atlantic Avenue, presents a unique investment opportunity. Boasting 2,219 square feet of space (with approximately 3,000 square feet including outdoor seating), this established eatery is just one block from the beach and a short distance from the Hard Rock Cafe. The property sits on a 10,768.03 square foot lot and includes two full bars, both indoor and outdoor seating, and a fully equipped kitchen featuring two walk-in freezers and a pizza oven. A full liquor license is included in the sale. Ample parking is available in the rear. Financial records are available for review, demonstrating consistent and increasing sales. The building, constructed in 1984, is currently under a three-year lease with a renewal option. All inventory (excluding wine and food) will convey with the sale. While tax records list the building at 1,880 square feet, the seller's improvements, including outdoor decking and a bar, significantly increase the usable space. This is a turnkey operation ready for a new owner to continue its success.

• CAP approach

  CAP return

  Valuation

  6%

  $598,851

  6.5%

  $552,785

  7%

  $513,301

• Comparable approach

  Method

  Valuation

  Relative Method

  $721,591

  Geo Method

  $545,737

• Alternative Use

  Use

  Valuation

  Residential

  $466,295

  Hospitality

  $427,124

  Educational

  $355,362

  Medical

  $367,583

  Retail

  $552,785

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.2239

Longitude

-81.007

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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