2016 S Atlantic Avenue
Daytona Beach, FL 32118

Listed at $1,000,000

Details

  • MLS# O6407889
  • Commercial -
  • Status Active
  • 0 Bedrooms
  • Bathrooms
  • 4,017 Square Feet
  • 0.090 acres
  • Built in 1952
  • Local Schools

Description

One or more photo(s) has been 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 highlightsGrowing...read more Redevelopment CorridorLocated in an area experiencing ongoing investment, redevelopment, and increasing commercial demand.Immediate Cash FlowIncome-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 ReturnsEstimated NOI of approximately $78,000 annually with a 7.6 cap rate and long-term upside potential.Flexible PotentialPermitted uses include retail, restaurants, medical offices, professional offices, entertainment venues, service establishments, banks, galleries, and recreational facilities.

Features

  • Dishwasher
  • Dryer
  • Microwave
  • Refrigerator
  • Washer
  • Central Air
  • Central
  • 2.0 Stories
  • $2,870 Taxes
  • Public
  • Built in 1952
View All Features

Contact the Agent

Contact the Listing Agent
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All Property Features

  • Property Type: Commercial -
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Cooling: Central Air
  • Days on Site: 13
  • Directions: 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 cr
  • Exterior: Block, Concrete, Stucco
  • Flood Zone Code: x
  • Foundation: Slab
  • Heating: Central
  • Home Warranty Y/N: No
  • Lot Dimensions: 0.09
  • Lot Size: 0.09 Acres
  • Ownership: Fee Simple
  • Property Attached Y/N: No
  • Property Sub-Type: Mixed Use
  • Sale Includes: Building(s) and Land, Furniture/Fixtures, Leases
  • Showing Instructions: 24 Hour Notice, Appointment Only, Other, See Remarks
  • Special Sale Provisions: None
  • Stories: 2.0
  • Taxes: $2,870
  • Units: 2
  • Utilities: Water Connected
  • Water: Public
  • Water Access Y/N: No
  • Year Built: 1952
  • Zoning: GC-RD