UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,066 sqft
Price per Sqft $326
MLS Listing ID 1226079
Year Built 1952
Lot Size 3,920 Sqft
Lot Dimensions 0.09
Property Sub-Type Mixed Use
Source Daytona Beach Area Association of REALTORS®
Property Description
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. Zoned GC-RD, General Commercial Redevelopment, the property also presents strong redevelopment potential to maximize value in a growing area. 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
Location
State FL
County Volusia
Direction Exit I-95: Take Exit 260A for US-92 E/W International Speedway Blvd toward Daytona Beach/Airport. Continue East: Follow W International Speedway Blvd east for 5-6 miles, crossing the Halifax River (Main Street Bridge/Broadway Bridge).Turn South: After crossing the bridge and arriving at the oceanfront, turn south onto S Atlantic Ave (SR-A1A S). Arrive: Continue south on S Atlantic Ave to 2016.
Interior
Heating Central
Cooling Central Air
Exterior
Parking Features Parking Lot
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Building
Lot Description Other
Water Public
Structure Type Concrete,Stucco
Others
Senior Community No
Tax ID 5316-21-00-0071
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional