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1216 N Atlantic Avenue, Daytona Beach, FL

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1216 N Atlantic Avenue

Daytona Beach, FL 32118 - Coastal Daytona Beach Submarket

Property Type:Land Parcel Size:2.8 Acres
For Sale Price:$5,750,000 Price/Acre:$2,053,571 Price/SF:$47.14

Proposed Use:MultiFamily

On-Site Improv:-

Sale Notes:
This is a prime opportunity to acquire what is arguably one of the best vacant oceanfront development sites in the Daytona Beach market. With +/- 404 frontage feet on the Atlantic Ocean, this is one of the largest remaining development site in Daytona Beach. The site is 2.68 acres net usable(the property inside the seawall).The first outstanding feature of the site may be its size, but more directly the favorable development climate in the City of Daytona Beach. The City has approved a selection of high-density hotel and condo projects in the past 2 years. Extrapolating the density approved for the Hard Rock Hotel just a dozen blocks south, utilizing the PUD process, a density of 300+ units should be achievable.The wide 404 site will allow a building design with every unit having a direct oceanfront view. No hard to sell side units, or units with only a city view. The city of Daytona Beach also has no set height restrictions. The previously mentioned Hard Rock hotel is a 27 floor tower, and is fully permitted.The core tourist area of Daytona Beach is roughly 4 miles long, with Daytona Beach shores extending approximately 5 miles further south. The Shores is the
The site is 15 minutes from I-95 & I-4, and less than 15 minutes to Daytona Beach International Airport as well The Daytona International Speedway. The intersection just south of the parcel is Seabreeze Blvd.

SVN Alliance Commercial Real Estate Advisors
Tim Davis

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