3162 Atlantic AveDaytona Beach Shores, FL 32118
- Retail properties
- 830 SF
Property Details for 3162 Atlantic Ave
- Year built
- 1986
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.02 AC
- Property size (Sq ft)
- 830 SF
- Property type
- Retail properties
- Property subtype
- Strip malls
- APN
- 5334-16-00-0060
- APU
- 533416000060
Description
This exceptional restaurant opportunity in Daytona Beach Shores, Florida, boasts a prime location on Atlantic Avenue (A1A), enjoying high visibility with 297 feet of frontage and benefiting from an annual average daily traffic count of 11,500 vehicles. The 5,930 square foot building sits on a 0.63-acre lot and is part of a newly renovated retail plaza, sharing space with established businesses. The single-tenant property is nearly fully built-out (90%), featuring existing equipment including hoods, walk-in coolers, and walk-in freezers, significantly reducing start-up costs and time. Ample parking is available for patrons. A stand-alone monument sign ensures excellent branding opportunities. The property's history as a Red Lobster location speaks to its proven success as a restaurant space. This is a turnkey operation ready for a new culinary concept to thrive in a high-traffic, desirable location. The property features one story and a single suite within the building. The Assessor's Parcel Number (APN) is 5334-16-00-0010. This is an exceptional opportunity for a discerning restaurateur seeking a well-established, high-visibility location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $289,894
- 6.5%
- $267,595
- 7%
- $248,481
-
Comparable approach
- Method
- Valuation
- Relative Method
- $359,190
- Geo Method
- $233,485
-
Alternative Use
- Use
- Valuation
- Residential
- $225,726
- Hospitality
- $206,764
- Educational
- $172,025
- Medical
- $177,941
- Retail
- $267,595
Location Insight
- City
- Daytona Beach
- County
- Volusia
- State
- Florida
- Latitude
- 29.1608
- Longitude
- -80.9753
- 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
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