415 Main StDaytona Beach, FL 32118

  • Retail properties
  • 3,880 SF
For Sale
$1,100,000 View listing

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
Retail properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
415 Main St, Daytona Beach, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,008
$125,550
$365,493
$491,043
-
$125,550
$365,493
$491,043

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