2016 S Atlantic Avenue Daytona Beach Shores, FL 32118
Other
MLS #: 1226079
Courtesy Of Roy and Company
Property InformationDescription
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 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
Features
- Age: Over 50 Years Old
- Building Units: 2
- Cooling System: Central Air
- Exterior Type: Stucco
- Exterior Type: Concrete
- Floors: 2
- Heating System: Central
- Legal Description: LOT 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
- MLSID: 1226079
- Rooms: Bathroom 2
- Rooms: Bathroom 1
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