Investment Highlights: 42 S. Peninsula & Adjacent Parcels Daytona Beach, FL | Zoned RP (Residential/Professional) This investment offering combines a stabilized, income-producing professional office with a strategic land assemblage for future high-density development in the prime beachside corridor. Financial & Asset Overview - Established Income: The main 5,588 SF building is a well-established professional office leased to a long-term accounting firm. - Growth Structure: Existing lease includes escalation clauses, providing a hedge against inflation and a consistent increase in yield. - Strong Performance: The primary property currently maintains a high cap rate with stable operating income. - Strategic Assemblage: The sale includes the main office building plus three neighboring vacant parcels, totaling approximately 0.54 acres ($23,368$ SF). Location & Connectivity - Triple Frontage: Exceptional visibility and logistics with frontage on two main arteries—Peninsula Drive and Halifax Avenue—and the side street, Harvey Avenue. - Market Position: Located in a highly desirable beachside area with high demand for both professional services and residential units. - Onsite Infrastructure: Property features dedicated onsite parking, a premium commodity in the beachside market. Development Potential & Zoning Flexibility (RP District) The property’s RP (Residential/Professional) zoning offers a unique "fallback" or "pivot" strategy, allowing for a variety of uses as defined by the City of Daytona Beach: Permitted Professional Uses: - Professional Offices: Legal, engineering, accounting, and business services. - Medical & Health: Nursing home facilities, assisted living, and hospice residential facilities. - Education/Care: Child care facilities, adult day care, and private or public schools. Permitted Residential Uses: - Multifamily: Ideal for Multifamily Dwellings or Multifamily Complexes. - Single-Family/Duplex: Detached dwellings and duplexes are permitted by right. Special Use Opportunities (With Permit): - Residential Subdivisions: Townhouse or duplex subdivisions. - Community Services: Museums, libraries, or community centers. Redevelopment Strategy The combination of the existing 5,588 SF structure and the three vacant lots provides a developer the footprint necessary for a significant Multifamily Complex or an Assisted Living Facility, both of which are permitted under current RP design standards.