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$1,000,000

0 Beds 0 Baths 3,066 SQFT 0.09 Acres
Type: Commercial

2016 S ATLANTIC AVENUE
DAYTONA BEACH, FL 32118

MLS#: O6407889
Brian Gale
Brian Gale
The Real Estate Advantage
Phone: 763.657.9516
Office: 763.755.1100
Presented by: ROY & COMPANY with 386-516-3122. - 386-516-3122

Property Description

 

Virtually Staged. 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 versatility. other Parcels may be included for an addition two retail storefronts with a total of 12,777 sqft. and turnkey flexability. Investment highlights Growing Redevelopment Corridor Located in an area experiencing ongoing investment, redevelopment, and increasing commercial demand. Immediate Cash Flow Income-producing asset featuring a leased 1,866 SF retail space at $2,500/month and an upstairs Airbnb unit averaging approximately $4,000/month. Strong Investor Returns Estimated NOI of approximately $78,000 annually with a 7.6 cap rate and long-term upside potential. Flexible Potential Permitted uses include retail, restaurants, medical offices, professional offices, entertainment venues, service establishments, banks, galleries, and recreational facilities.


 

Interior Features

Bathrooms

Total Baths0

Other Interior Features

Air Conditioning Y/NYes
Heating Y/NYes
Total Stories2

General

Additional Parcels Y/NNo
AppliancesDishwasher, Dryer, Microwave, Refrigerator, Washer
Building Area Units0 sqft
CityDAYTONA BEACH
Construction MaterialsBlock, Concrete, Stucco
CoolingCentral Air
CountyVolusia
DirectionsExit 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 S Atlantic Ave (located further south, past the main hotel strip
Flood Zone Codex
Flood Zone Code XY
HeatingCentral
Legal DescriptionLOT 7 EXC S 100 FT MEAS ON ATLANTIC AVE PER DB 470 PG 369 & EXC N 13 FT MEAS ON ATLANTIC AVE BEING 30.9 FT ON W/S ARMSTRONG SUB MB 9 PG 280 PER OR 4888 PG 3725 PER OR 5559 PG 770 PER OR 6831 PG 0985
Living Area Units0 sqft
Lot Size Square Feet4,017 sqft
Lot Size UnitsSquare Feet
MLS Area32118 - Daytona Beach/Holly Hill
New ConstructionNo
Number Of Units Total2
Occupancy TypeTenant
OwnershipFee Simple
Property ConditionCompleted
Property SubtypeMixed Use
Property TypeCommercial Sale
Standard StatusActive
StatusActive
Subdivision NameARMSTRONG
Tax Annual Amount$2,871
Tax Lot7
Tax Year2025
UtilitiesWater Connected
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1952
ZoningGC-RD

Exterior

Building Area Total4,017 sqft
Foundation DetailsSlab
Lot Dimensions31 x 130
Lot Size Acres0.09
Lot Size Area4,017 sqft
Number of Buildings1
Road Frontage TypeState Road
Road Surface TypePaved
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

  

Similar Properties

$1,000,000

0 Beds 0 Baths 3,066 SQFT 0.09 Acres
Type: Commercial

2016 S ATLANTIC AVENUE
DAYTONA BEACH, FL 32118

MLS#: O6407889
Brian Gale
Brian Gale
The Real Estate Advantage
Phone: 763.657.9516
Office: 763.755.1100