614 Peninsula DrDaytona Beach, FL 32118

Property Details for 614 Peninsula Dr

Year built

1950

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.54 AC

Property size (Sq ft)

5,465 SF

Zone code

BR1

Property type

Medical offices

Property subtype

Medical centers

APN

5305-01-24-0110

APU

530501240110

Description

This vacant, 5,831 square foot, Class B office building in Daytona Beach, Florida, presents a unique investment opportunity. Built in 1950 and renovated in 2010, this single-unit, two-story building sits on a 0.54-acre lot (APN 5305-01-24-0110) and is zoned BR-1, allowing for versatile use. Previously a medical office, the first floor features five exam rooms, a therapy room, manager's office, waiting/reception area, records room, staff lounge, and x-ray area. The second floor, accessible by elevator, includes three private offices, a conference room, lounge, and full bathroom. Exterior amenities include a covered drop-off area and ample parking for 25 vehicles, along with a separate stairwell. The interior boasts updated finishes and a large operable fish tank in the waiting area. Located just north of Seabreeze Boulevard on the east side of Peninsula Drive (614 N Peninsula Dr, Daytona Beach, FL 32118), this property offers high visibility and convenient access. The asking price is $1,050,000. This turnkey property is ideal for a medical practice or can be easily adapted for other office or retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $1,147,163

  6.5%

  $1,058,920

  7%

  $983,283

• Comparable approach

  Method

  Valuation

  Relative Method

  $806,253

  Geo Method

  $610,058

• Alternative Use

  Use

  Valuation

  Residential

  $1,313,060

  Hospitality

  $1,202,756

  Educational

  $1,000,679

  Medical

  $1,035,094

  Retail

  $1,556,612

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.2347

Longitude

-81.0168

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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