20 Halifax AveDaytona Beach, FL 32118

Property Details for 20 Halifax Ave

Year built

1925

Construction

WOOD

Lot size

0.28 AC

Property size (Sq ft)

2,232 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

5305-08-09-0042

APU

530508090042

Description

This exceptional Daytona Beach property presents a unique investment opportunity. The 2,232 square foot building, constructed in 1925 and renovated in 1979, sits on a 0.43-acre lot and is zoned RP (Residential/Professional). Currently configured as a professional office space with a six-bedroom, one-and-a-half-bathroom residence, it offers versatile usage. The main building is a two-story structure, ideal for a business owner seeking convenient living quarters. The property's location at 20 N Halifax Ave, Daytona Beach, FL 32118, in Volusia County, provides excellent visibility and accessibility. A significant advantage is the inclusion of an adjacent buildable lot, offering substantial potential for expansion, additional parking, or future development. The asking price is $699,000. The property's APN numbers are 05153308090042 and 05153308090031. This is a rare chance to acquire a mixed-use property in a thriving Florida coastal city, combining immediate income potential with significant long-term growth prospects. The property's blend of commercial and residential space makes it an attractive option for a variety of uses. Don't miss this chance to secure a valuable asset in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $531,482

  6.5%

  $490,599

  7%

  $455,556

• Comparable approach

  Method

  Valuation

  Relative Method

  $335,950

  Geo Method

  $254,141

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $949,290

  Retail / Commercial

  $489,898

  Hospitality / Lodging

  $363,124

  Office

  $490,234

  Institutional / Educational

  $510,900

  Residential Income

  $597,753

  Multifamily

  $703,341

  Automotive / Energy

  $437,915

  Parking / Income-Based Land

  $148,700

  Restaurant / Food Service

  $260,389

  Healthcare / Senior Housing

  $500,590

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.2255

Longitude

-81.0137

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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