305 Seabreeze BlvdDaytona Beach, FL 32118

Property Details for 305 Seabreeze Blvd

Year built

1955

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.09 AC

Property size (Sq ft)

2,868 SF

Property type

Retail properties

Property subtype

Retail space

APN

5305-01-24-0092

APU

530501240092

Description

This exceptional Daytona Beach commercial property presents a rare opportunity to acquire two prime retail storefronts on the highly sought-after Seabreeze Boulevard. The property, located at 305 & 307 Seabreeze Blvd, Volusia County, FL 32118, comprises two versatile units totaling 2,868 square feet on a 2,868 square foot lot. One unit offers 1,600 square feet, while the other provides 1,200 square feet, each potentially benefiting from up to 330 square feet of sidewalk seating. Built in 1955, this Class B property features solid block construction with a red brick and partial stucco exterior. The building is currently vacant and offered as-is, with inspections welcome. Each unit has independent access to central A/C, water, and 200-amp electrical service (two power meters and two water meters). The property boasts 37 linear feet of prominent storefront visibility and a private outdoor courtyard. Zoned BR-1 and CBD, it's ideally suited for a variety of uses, including retail, food and beverage establishments, art studios, medical or lab services, professional offices, salons, and pet grooming businesses. The accessible roof presents potential for expansion. The asking price is $515,000 ($179.57/sq ft), reflecting a land value of $24-$32 per square foot. The property is a fee simple ownership with a net lease type. Its location, just blocks from the beach and the intercoastal waterway, places it within a vibrant commercial corridor featuring high-profile tenants such as Wells Fargo, the FBI, and numerous other businesses. The property is ready for immediate build-out. The possibility of dividing the units into separate parcels may exist.

• CAP approach

  CAP return

  Valuation

  6%

  $884,983

  6.5%

  $816,908

  7%

  $758,557

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,066,266

  Geo Method

  $806,790

• Alternative Use

  Use

  Valuation

  Residential

  $689,092

  Hospitality

  $631,205

  Educational

  $525,155

  Medical

  $543,216

  Retail

  $816,908

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.2344

Longitude

-81.0166

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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