2020 Atlantic AveDaytona Beach, FL 32118

  • Retail properties
  • 6,286 SF
For Sale
$1,195,000 View listing

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
2020 Atlantic Ave, Daytona Beach, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,070
$132,000
$226,925
$358,925
-
$132,000
$226,925
$358,925

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