1420 Mason AveDaytona Beach, FL 32117

Property Details for 1420 Mason Ave

Year built

1987

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.67 AC

Property size (Sq ft)

7,492 SF

Zone code

T4

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

5211-23-00-0040

APU

521123000040

Description

This exceptional 7,530 square foot multi-tenant commercial building in Daytona Beach, Florida, presents a unique investment opportunity. Located at 1420 Mason Ave, this property boasts three units, each with separate storefront access and utilities, offering significant flexibility for various uses. The building features a desirable brick exterior for low-maintenance upkeep, and has recently undergone several key improvements, including new electric panels (2023), roof resealing (2022), and A/C unit replacements (2017-2020). The 0.67-acre lot (APN 3240189) is zoned 02T4 and offers excellent visibility with a large sign and convenient left-hand turn lane. Its strategic location provides easy access to major roadways including I-95, I-4, US 92, and the LPGA Boulevard interchange, placing it within minutes of Daytona International Airport, the Speedway, and Halifax Health Hospital. The property's proximity to a proposed new Assisted Living Center and existing medical offices further enhances its appeal. The asking price is $1,150,000, with owner financing a possibility. The net rentable square footage is 7,492 square feet, resulting in a price per square foot of $157. Built in 1987, this property offers a compelling blend of established infrastructure and modern upgrades, making it an ideal investment for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $1,581,363

  6.5%

  $1,459,720

  7%

  $1,355,454

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,296,314

  Geo Method

  $1,296,314

• Alternative Use

  Use

  Valuation

  Residential

  $1,459,720

  Hospitality

  $1,337,095

  Educational

  $1,112,448

  Medical

  $1,150,706

  Retail

  $1,730,474

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.2135

Longitude

-81.0635

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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