This is an incredible deal; you can't rebuild this property for $12M. Located in the heart of a development renaissance, this new property was built from the ground up in 2009 with raised high, full sprinklers, hurricane windows and doors. It has never been flooded. Benefits include: • Redevelopment Zone Act 2017: No capital gains after 10 years of ownership • Historic Downtown Daytona Beach location • Opposite the newly opened $31M Riverfront Esplanade • Across from the currently renovated $35M Jackie Robinson Baseball Park to be completed by the 2026 season • Currently building 300 new luxury apartments on North Beach St • 400 on International and Palmetto Ave breaking ground Features: • One-million-dollar improvement established restaurant, lounge, banquet room • 4000sf outdoor dining piazza • Two front sidewalk commercial stores (not built out) potential uses Restaurant/Martini Bar/retail/Bank or expand the restaurant to add an additional capacity: 120 indoor seats, 68 outdoor seats along the front railing and sidewalk cafe • 12 luxury apartments with an allowed potential to add 6 more • This offers tremendous flexibility, having the ability to expand the restaurant all under one the 4COP liquor license Recent Update: • Condo status removed as all 22 condos are under one ownership, eliminating the need for association/inspection audits. 2021 All residential units were installed new Train A/C with heat pumps 2021 All residential units painted 2021 Remodel of the complete restaurant many new equipment replacements and fresh paint 2021 Exterior paint completed Flex-lox