Daytona Beach Shores Retail & Multi Family

Retail-Commercial for Sale
Catylist Listing ID: 30352897
Property Subtypes: Free-Standing Building, Street Retail, Other
Building Size (RSF): 3,750 SF
Gross Building Area: See Agent
Sale Price: $675,000
Unit Price: $180 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/15/2019

Overview / Comments

Across the street from an oceanfront park, this prime location on beachside has an ocean view that will never be obstructed! Two story Commercial Building with 2,784 SF and a residential duplex with 966 SF. Built with solid concrete beam construction in 1959 with 117 ft of frontage on South Atlantic Avenue and 140 ft of frontage on Simpson Ave. The property includes a residential duplex in the rear for additional income. Current tenants pay $750 for the East side unit and $700 for the West side. Total annual duplex income = $17,400. The front building is currently leased on a month to month basis.
A Phase 1 Environmental assessment was completed in 2008. GC-1 Zoning allows for multi-purpose use including retail, office space or restaurant. Per the seller, the City is agreeable to building an adjacent 4 story building to the South of the existing building with a zero lot line. Verification from the City will be necessary. Adjacent properties are also available for assemblage.

Additional Details

Nearest MSA: Deltona-Daytona Beach-Ormond Beach
County: Volusia
Tax ID/APN: 35-15-33-04-00-0010
Traffic/Vehicle Count: 12,600
Year Built: 1959

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,300 42,440 110,244
Median Age: 62.56 47.98 45.64
Households: 2,367 20,350 50,447
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