415 Main StDaytona Beach, FL 32118

Property Details for 415 Main St

Year built

2002

Construction

WOOD

Lot size

0.06 AC

Property size (Sq ft)

3,880 SF

Property type

Turn key restaurants

APN

5304-03-19-0110

APU

530403190110

Description

This exceptional Daytona Beach property, located at 415 Main Street, presents a unique investment opportunity. Boasting 3,880 square feet on a 121,532,400 square foot lot, this two-story building is ideally situated in the heart of Daytona Beach's historic district, just blocks from both the beach and the river. The property benefits from high visibility and proximity to major events like Bike Week, Biketoberfest, and the Daytona 500, ensuring consistent foot traffic and tourism. The versatile space includes a fully equipped kitchen, two dining areas, and an open-air bar on the upper level, along with an enclosed bar and dining area on the ground floor. All built-in fixtures and furnishings are included, providing a turnkey operation. A transferable liquor license is also part of the sale, adding significant value. A convenient 12,000 square foot parking lot is adjacent to the building. The property's RDB-2 zoning allows for adaptability to various business needs. Built in 1981, this mixed-use property offers a blend of retail, restaurant, bar, and entertainment potential. The asking price is $1,100,000. The City of Daytona Beach offers funding programs to support businesses in the Main Street redevelopment area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,197,527

  6.5%

  $1,105,410

  7%

  $1,026,452

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,442,916

  Geo Method

  $1,091,474

• Alternative Use

  Use

  Valuation

  Residential

  $932,455

  Hospitality

  $854,123

  Educational

  $710,621

  Medical

  $735,060

  Retail

  $1,105,410

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.2257

Longitude

-81.0117

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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