525 Atlantic AveDaytona Beach, FL 32118

Property Details for 525 Atlantic Ave

Year built

1945

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.06 AC

Property size (Sq ft)

2,275 SF

Property type

Retail space

APN

5305-01-39-0040

APU

530501390040

Description

This exceptional retail property, located at 525 N Atlantic Avenue in Daytona Beach, offers a single-tenant space ideal for a variety of businesses. Currently vacant and easily shown, this property boasts a monthly rent of $3,000 plus triple net. Situated just one block south of Seabreeze Boulevard, it benefits from excellent visibility and convenient access to a nearby parking garage. The building features roll-down hurricane shutters, providing crucial protection during severe weather. While the lot size is not specified, the property's prime location and the potential for diverse uses make it an attractive investment opportunity. The single-suite building presents a straightforward and manageable space for a new tenant. The property's convenient location and features make it a highly desirable retail space in a thriving area. The absence of a specified lot size does not detract from the property's strong potential for success. This is a rare opportunity to secure a well-positioned retail space in a high-demand area. The ease of showing and the vacant status allow for immediate occupancy and rapid business commencement. The triple-net lease structure provides a clear and predictable cost structure for the tenant. This property is ready for its next chapter.

• CAP approach

  CAP return

  Valuation

  6%

  $702,078

  6.5%

  $648,072

  7%

  $601,781

• Comparable approach

  Method

  Valuation

  Relative Method

  $845,917

  Geo Method

  $639,975

• Alternative Use

  Use

  Valuation

  Residential

  $546,673

  Hospitality

  $500,749

  Educational

  $416,618

  Medical

  $430,946

  Retail

  $648,072

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.2347

Longitude

-81.0123

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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