Apex Capital Realty is proud to present 405 N Charles Street, this versatile Multi-Bay Warehouse sits in a prime location of Daytona Beach, with direct frontage on George W Engram Blvd/Fairview Ave, which leads right to the Boardwalk Main Street Pier on the beach. This property features one warehouse building built in 1970, five separate units, nine loading doors, 16-foot clear heights with roughly 10% of each unit as office space. The building size is 37,399 square feet on a large, oversized lot of 3.45 acres or 150,265 square feet. There are currently two tenants occupying about 16,600 SF (45% of building) whose leases end in June 2025. 405 N Charles ST has great value add potential for investors and is an ideal opportunity for owner-users. From an investment perspective, once stabilized this property should generate about $11/SF NNN. Resulting in a pro forma projection of 9.09% cap rate. Owner-users have the ability to occupy the whole building by July 2025, and only need to take a minimum of 51% to qualify for SBA financing. Users/Tenants will be able to take advantage of the oversized lot and the unbeatable location which is just moment away from the Daytona International Speedway and Daytona Beach International Airport.