FOR SALE OR JOINT VENTURE (JV ) | For Sale or JV: Optimally located on the Intracoastal Waterway in Iconic Daytona Beach, Florida, the Daytona Gateway Marina Development site sprawls across 14 +/- acres, including 6.8 acres of upland. Boasting existing entitlements for a marina, hotel, restaurants, and residential. This highly visible site has the potential for a transformative "destination location" waterfront development in the greater Daytona Beach area.
The entire site is available for Sale or JV, inviting investors and developers to craft the next iconic landmark in the Daytona market.
Property Highlights:
* Soliciting Bids: For Sale or JV - All reasonable offers will be considered
* As Is Appraised Value: $23,600,000 (2023)
* Terms: Ownership remains flexible on deal structure i.e. acquire the rights for just the marina or the adjacent upland or the entire site. * * All reasonable offers will be considered
* Site Size: 14± Acres assemblage (6.8 AC upland, 7.2 AC submerged)
* Existing Entitlements: 172 wet slip marina, 300 room hotel, 2 restaurants, townhomes, retail space and parking
* Proposed Development: 125 wet slip marina, 280± unit dry storage facility, mixed-use residential with ground floor commercial and
retail, waterfront restaurant, rooftop deck and pool
* CRA: Located in a favorable redevelopment area covered by the Community Redevelopment Agency (CRA)
* TIF: The CRA is authorized to provide tax increment funds (TIF) for redevelopment, which this site will qualify. Millions in TIF funds have
already been awarded to local developers. TIF funds can be anticipated until 2036
* Local Support: For the City, the revitalization and transformation of this site have long been a top priority