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501 N Grandview Avenue - SunTrust Building, Daytona Beach, FL

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501 N Grandview Avenue - SunTrust Building

Daytona Beach, FL 32118-3962 - Coastal Daytona Beach Submarket

Property Type:Office Sub Type:- Status:Existing Year Built:1968
Stories:5 Typical Floor:- Building Size:43,050 SF
For Sale Price:$6,988,000 Price/SF:$162.32
Cap Rate:-
Parking:150 Surface spaces are available; Ratio of 3.81/1,000 SF


Sale Notes:
Unique 2.23+/- Acre Beachside Redevelopment Site.
Class A building on site with over 40,000 SF with current positive cash flow.
Estimate 500,000 SF Redevelopment Potential.
Across from the new oceanfront 501 room Daytona Beach Convention Hotel plus 128 Condominiums, under construction.
High visibility in the center of Beachside Business District.
Walking distance to 109,600+ SF Ocean Walk Shoppes, Ocean Center, Sapporo Japanese Steak House, and Oyster Pub.
Located one block to the beach in an area of significant redevelopment.
Approximately 7 miles to Interstate 95 and 1 mile to International Speedway Boulevard.

Located at the northwest corner of Grandview Avenue and Oakridge Boulevard one block west of Atlantic Avenue.
Just one block walk to the World's Most Famous Daytona Beach and beach access ramp.
Located in NW quadrant of Atlantic Avenue and Oakridge Boulevard.
Zoning is BR-2 (Business Retail-2).
Non-Residential Development FAR 3.0
Residential Density 40 units per acre.

SVN Alliance Commercial Real Estate Advisors
John W Trost
(386) 301-4581

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