2020 Atlantic AveDaytona Beach, FL 32118
- Retail properties
- 6,286 SF
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
- Property subtype
- Other 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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