2016 S Atlantic Ave - Storefront Retail/Office FOR SALE


Daytona Beach, FL 32118- Daytona Beach Shores
$1,000,000 USD
386-516-3122
2016 S Atlantic Ave, Daytona Beach, FL for Sale
$1,000,000 USD
Storefront Retail/Office - FOR SALE
1/15
null | 7.8% Cap Rate

NEW


2016 S Atlantic Ave
Daytona Beach, FL 32118
Daytona Beach Shores


HIGHLIGHTS

  • Immediate Cash Flow
  • Strong Investor Returns
  • Flexible Potential

OVERVIEW

Prime mixed-use opportunity offering immediate income and long-term upside. The ground floor features a 1,866 SF retail space currently leased at $2,500/month, providing stable cash flow. Upstairs, a 1,200 SF residential unit is operating as a high-performing Airbnb, averaging $4,000/month in income. This asset produces an estimated NOI of $78,000 annually with a 7.6% cap rate, making it an attractive option for investors seeking both yield and versatility. May also include another parcel providing a total of 12,777 sqft. Both parcels are opperating income. building may be sold seperatley or with opperating business. Some Permitted Uses include : Professional and business offices. Retail stores. Service establishments Newspaper offices. Food stores. bakeries. Banks. Medical and dental clinics. Private clubs and lodges. Public/quasi-public facilities. Restaurants. Art galleries. Bowling recreational facilities. Performance theaters. Movie theaters. Public parking facilities. Medical offices

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$323 USD /SF

CAP RATE

7.8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1952

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

GC-RD

APN/PARCEL ID

5316-21-00-0071

ASK ABOUT THIS PROPERTY

Christopher RoyRoy & CompanyMore Info
386-516-3122

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Christopher RoyRoy & CompanyMore Info
386-516-3122

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