418 Segrave StDaytona Beach, FL 32114

Property Details for 418 Segrave St

Year built

1947

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.45 AC

Property size (Sq ft)

3,335 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

5338-32-00-0190

APU

533832000190

Description

This exceptional commercial property portfolio in Daytona Beach, Florida, presents a unique investment opportunity. Comprising three buildings totaling 12,755 square feet on 1.23 acres of land, this offering includes a diverse mix of office and warehouse space across four parcels (APN: 533832000190, 533832000130, 533832000150, 533832000620). The property is zoned M1 and boasts a high level of finish in its office spaces, featuring exquisite woodwork, trim, a full kitchen, break room, conference room, and three executive offices each with private restrooms. A large decorative pond with a fountain enhances the attractive parking area. One building at 401 George W Engram Blvd (0.27 acres, 4,416 SF) comprises three warehouse units, each with 12x12 roll-up doors, separately metered electricity, and a security gate. The buildings at 430 N Segrave St (0.3 acres, 4,004 SF total) offer eight demised warehouse units, each with its own bathroom and separate meters. The building at 418 N Segrave St (0.45 acres, 3,335 SF) provides substantial office space, potentially divisible into two separate offices, secured parking, a camera system, and the potential for twelve offices and six restrooms. Finally, a 0.21-acre parcel at 339 Michigan Ave provides overflow parking. The property benefits from available rail access and was owner-occupied for two decades by a building contractor, reflecting high-quality construction and attention to detail throughout. This is an ideal opportunity for investors seeking a diverse and well-maintained commercial property in a desirable location. The asking price is $1,700,000. Built in 1947, this Class C property offers significant potential for a variety of uses.

• CAP approach

  CAP return

  Valuation

  6%

  $867,928

  6.5%

  $801,164

  7%

  $743,938

• Comparable approach

  Method

  Valuation

  Relative Method

  $762,469

  Geo Method

  $577,043

• Alternative Use

  Use

  Valuation

  Residential

  $801,164

  Hospitality

  $733,862

  Educational

  $610,565

  Medical

  $631,563

  Retail

  $949,768

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.2181

Longitude

-81.029

CBSA code

19660

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].