2020 Atlantic AveDaytona Beach, FL 32118

Property Details for 2020 Atlantic Ave

Year built

1955

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.28 AC

Property size (Sq ft)

6,286 SF

Property type

Retail properties

APN

5316-21-00-0072

APU

531621000072

Description

This exceptional mixed-use property, located at 2020 S Atlantic Ave in Daytona Beach Shores, Florida, presents a compelling redevelopment opportunity. The 6,000 square foot property, priced at $1,195,000 ($199.17/sq ft), comprises two buildings on a 100,115 square foot lot. The main building is a two-story shell with a new roof and is currently undergoing restoration, including the installation of impact-resistant windows. The property is zoned GCRC and offers versatile usage potential as a bar, restaurant, storefront, or a combination thereof. Its strategic location on South Atlantic Avenue places it within a thriving coastal city experiencing significant redevelopment, including the construction of a planned upscale hotel and luxury condominium building. This proximity to these projects promises increased foot traffic and a high-end clientele. The property benefits from its high-traffic location, attracting both tourists and local residents. Its proximity to Daytona Beach's attractions, including the boardwalk, Ocean Center, and pier, further enhances its appeal and potential for strong return on investment. This is an ideal opportunity for investors seeking a prime location in a rapidly growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,941,492

  6.5%

  $1,792,147

  7%

  $1,664,136

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,339,761

  Geo Method

  $1,768,300

• Alternative Use

  Use

  Valuation

  Residential

  $1,511,743

  Hospitality

  $1,384,748

  Educational

  $1,152,094

  Medical

  $1,191,717

  Retail

  $1,792,147

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.202

Longitude

-80.9964

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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