128 S Beach St - Apartments FOR SALE


Daytona Beach, FL 32114- Greater Daytona
$5,500,000 USD
386-500-1463
128 S Beach St, Daytona Beach, FL for Sale
$5,500,000 USD
Apartments - FOR SALE
1/44
null | Request Cap Rate

128 S Beach St
Daytona Beach, FL 32114
Greater Daytona


HIGHLIGHTS

  • Ground floor commercial includes a million dollar restaurant ready to open turn key.

OVERVIEW

Prime Mixed-Use Investment Opportunity in Historic Downtown Daytona Beach 12 Apartments • 10 Commercial Spaces • Turnkey $1M+ Restaurant Build-Out • Certified Opportunity Zone Recently dissolved the condominium documents to simplify this as a single-asset purchase—ideal for an investor seeking immediate cash flow and flexibility. The condo structure can be reinstated easily, allowing units to be sold separately if desired. This 2008-built, 5-star-rated concrete building offers exceptional quality and resilience: • 12 residential apartments (upper floors) • 10 ground-floor commercial spaces, with 8 already built out • Fully equipped, turnkey restaurant (over 100+ seating capacity, lounge, open courtyard, separate pizza kitchen, banquet room) — ready to open immediately. As the longtime owner-operator for more than a dozen years, we built a strong, loyal clientele in Daytona Beach’s vibrant event-driven market. We have established relationships with major large-format event groups—this is a proven destination location just waiting for the right brand or operator to take it to the next level. • Additional 2,400 sq ft front-facing commercial space (not yet built out) — perfect to expand the existing restaurant with a 100’ sidewalk café, lounge, or brewery concept. Premium features include: • Raised construction with full hurricane-rated windows and doors • Fully sprinklered throughout • 12-car secure indoor parking garage • Indoor gym for tenants Certified Opportunity Zone (2017 Tax Cuts and Jobs Act) — defer capital gains taxes now and enjoy potential full elimination after 10 years of ownership. Combine that with Florida’s no state income tax, incredible weather, and the massive revitalization happening right here. Located in the heart of Historic Downtown Daytona Beach on Beach Street, surrounded by hundreds of millions in public and private investments (including the $31M+ Riverfront Esplanade Park, Jackie Robinson Stadium upgrades, new multifamily projects, and more). This is a rare chance for smart investors or New Yorkers (and families from anywhere) looking to relocate the whole family tree with major tax advantages and lifestyle upside. This property is worth the trip—whether you’re an operator ready to brand a busy destination restaurant or an investor eyeing strong rental income + long-term appreciation. Email me today to arrange a FaceTime walkthrough or schedule an in-person tour. Serious inquiries only. This version is scannable (bullet points, bold highlights), professional yet enthusiastic, and optimized for search/SEO (keywords like “mixed-use investment Daytona Beach”, “Opportunity Zone property”, etc.). It should convert better than the original run-on draft. Quick Market Context (to help you price or negotiate) • Mixed-use properties in Daytona Beach currently average around $155/sq ft, with active listings ranging from $400k–$9M+ depending on size and condition. Larger downtown buildings like this one (roughly 33k+ sq ft total) often trade in the multi-million range. • Downtown is seeing strong momentum with ongoing CRA funding (tens of millions allocated) and major projects underway. • Opportunity Zone rules remain in effect through 2026 with the classic 10-year hold for full capital-gains exclusion—your description is spot-on. Here’s what the vibrant Historic Downtown Daytona Beach area looks like right now (Beach Street corridor — prime visibility and foot traffic):

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$164 USD /SF

# OF UNITS

22

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Zappi's Italian Garden restaurant and apart.

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2008

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

RDD-1

APN/PARCEL ID

5339-0I-00-0060,5339-0I-01-0010,5339-0I-01-0020,5339-0I-01-0030,5339-0I-01-0040,5339-0I-01-0050,5339-0I-01-0060,5339-0I-01-0070,5339-0I-01-0080,5339-0I-01-0090,5339-0I-01-0100

ASK ABOUT THIS PROPERTY

Paul ZappitelliPaulzap, Inc.More Info
386-500-1463

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Paul ZappitelliPaulzap, Inc.More Info
386-500-1463

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.