2016 S Atlantic Avenue
Daytona Beach Shores, FL 32118

Listed at $1,000,000

Details

  • MLS# 1226079
  • Commercial - Retail
  • Status Active
  • 0 Bedrooms
  • Bathrooms
  • 0 Square Feet
  • 0.090 acres
  • Built in 1952
  • Local Schools

Description

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. Multiple parcels may be included adding an addition 2 retail storefront spaces with turnkey flexability.

Features

  • Central Air
  • Central
  • Public
  • Built in 1952
View All Features

Contact the Agent

Contact the Listing Agent
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All Property Features

  • Property Type: Commercial - Retail
  • Cooling: Central Air
  • Days on Site: 87
  • 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 cro
  • Exterior: Concrete, Stucco
  • Heating: Central
  • Listing Terms: Cash, Conventional
  • Lot Description: Other
  • Lot Size: 0.09 Acres
  • Parcel #: 5316-21-00-0071
  • Parking: Parking Lot
  • Property Attached Y/N: No
  • Property Sub-Type: Mixed Use
  • Road Frontage: State Road
  • SQFT Total: 3066
  • Units: 2
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Water: Public
  • Year Built: 1952