2 Atlantic AveDaytona Beach, FL 32118

Property Details for 2 Atlantic Ave

Year built

1980

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.29 AC

Property size (Sq ft)

8,660 SF

Zone code

T3

Property type

Retail properties

Property subtype

Bars

APN

5304-01-05-0210

APU

530401050210

Description

This exceptional redevelopment opportunity encompasses four parcels totaling 48,002 square feet in Daytona Beach's vibrant tourism district. The property features a 12,867-square-foot mixed-use building, currently 100% occupied, with an 8,660 square-foot main structure and an additional 1,300 square feet of outdoor seating. A significant asset is the inclusion of a 21,000-square-foot parking lot adjacent to the main building, providing ample parking for any future development. An additional 2,800-square-foot building with two tenants generating $60,000 in annual gross rent (leases expiring within 24 months) is also included. The property boasts a prime location at the signalized hard corner of Main Street and South Atlantic Avenue, steps from the Ocean Center Convention Complex, Joe's Crab Shack, Hard Rock Hotel, and the Hilton Daytona Beach Oceanfront Resort. Over 2,000 hotel rooms are within a one-mile radius, ensuring high foot traffic and strong potential for various uses. The property is situated within the Main Street CRA and benefits from a city-owned parking lot providing overflow parking. The existing restaurant business does not convey with the sale. The asking price is $6,500,000 ($505.17 per square foot). The property's strategic location and significant size present a compelling investment opportunity for developers seeking to capitalize on Daytona Beach's thriving tourism market. Recent sales in the Main Street Redevelopment District indicate strong investor interest in the area. The property includes three units, two buildings, and was renovated in 1997. The permitted zoning is RDB 2. APN numbers are 530401050210, 530401050180, 530401050070, and 530401050050.

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.2264

Longitude

-81.0083

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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