115 Myrtle LnDaytona Beach, FL 32114

Property Details for 115 Myrtle Ln

Year built

1958

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.19 AC

Property size (Sq ft)

4,724 SF

Property type

Retail space

APN

5339-09-01-0060

APU

533909010060

Description

This versatile 4,745 square foot multi-use building, situated on an 8,276.4 square foot lot in historic downtown Daytona Beach, presents a unique investment opportunity. Built in 1958, the concrete block structure boasts high ceilings (with a 10' x 10' overhead door), making it suitable for a wide range of commercial uses. The property includes five dedicated parking spaces, supplemented by ample public parking nearby. Its central location places it conveniently close to the courthouse. The building's features include three separate HVAC systems, two restrooms, a kitchen facility with an exterior door, and a security camera system. A sprinkler system with an audible alarm enhances safety. The property's adaptability allows for multiple businesses to operate simultaneously, making it an ideal investment for entrepreneurs or those seeking a diverse revenue stream. The nearly unlimited potential uses, combined with its prime location, make this a highly attractive property.

• CAP approach

  CAP return

  Valuation

  6%

  $1,123,280

  6.5%

  $1,036,870

  7%

  $962,808

• Comparable approach

  Method

  Valuation

  Relative Method

  $724,984

  Geo Method

  $548,434

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,009,170

  Mixed-Use / Specialty

  $1,038,350

  Hospitality / Lodging

  $768,554

  Office

  $1,037,580

  Institutional / Educational

  $1,081,320

  Residential Income

  $1,265,150

  Multifamily

  $1,488,620

  Automotive / Energy

  $926,848

  Parking / Income-Based Land

  $314,725

  Restaurant / Food Service

  $551,115

  Healthcare / Senior Housing

  $1,059,500

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.2108

Longitude

-81.0196

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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