121 International Speedway BlvdDaytona Beach, FL 32114

Property Details for 121 International Speedway Blvd

Year built

1952

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.15 AC

Property size (Sq ft)

11,945 SF

Property type

Retail properties

Property subtype

Retail space

APN

5339-09-02-0070

APU

533909020070

Description

This vacant, 11,945 square foot mixed-use property in Daytona Beach, Florida, presents a significant redevelopment opportunity. Located at 121 W International Speedway Blvd, this Class D building features 6,000 square feet of ground floor retail space and 6,000 square feet upstairs, potentially suitable for residential or office use. The property boasts a new roof (installed January 2024) and benefits from its prime location in Daytona Beach's redevelopment zone, next to the intracoastal waterway and a short drive from the Atlantic Ocean. The asking price is $1,799,000 ($150.61/SF). Zoned RDD2, this property is ideal for investors seeking to capitalize on Daytona Beach's revitalization, or for entrepreneurs looking to establish a high-traffic retail business or a mixed-use development. The property's strategic downtown location offers easy access to waterfront amenities and the vibrant energy of Daytona Beach's cultural attractions and entertainment options. This presents a unique chance to own a substantial piece of Daytona Beach's commercial landscape. The property is currently vacant. The APN is 533909020070.

• CAP approach

  CAP return

  Valuation

  6%

  $3,686,460

  6.5%

  $3,402,886

  7%

  $3,159,822

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,441,782

  Geo Method

  $3,360,219

• Alternative Use

  Use

  Valuation

  Residential

  $2,870,461

  Hospitality

  $2,629,327

  Educational

  $2,187,569

  Medical

  $2,262,803

  Retail

  $3,402,886

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.2116

Longitude

-81.0202

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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