Beachside High Density Redevelopment Opportunity

Office for Sale
Also listed as Vacant Land
Catylist Listing ID: 30149928
Property Subtypes: Office Building
Building Size (RSF): 40,225 SF
Gross Building Area: See Agent
Gross Land Area: 2.23 Acres
Sale Price: $6,988,000
Unit Price: $173.72 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/16/2017

Overview / Comments

Unique 2.23+/- Acre Beachside Redevelopment Site.
Class A building on site with over 40,000 SF with current positive cash flow.
Estimate 500,000 SF Redevelopment Potential.
Across from the new oceanfront 501 room Daytona Beach Convention Hotel plus 128 Condominiums, under construction.
High visibility in the center of Beachside Business District.
Walking distance to 109,600+ SF Ocean Walk Shoppes, Ocean Center, Sapporo Japanese Steak House, and Oyster Pub.
Located one block to the beach in an area of significant redevelopment.
Approximately 7 miles to Interstate 95 and 1 mile to International Speedway Boulevard.

Located at the northwest corner of Grandview Avenue and Oakridge Boulevard one block west of Atlantic Avenue.
Just one block walk to the World's Most Famous Daytona Beach and beach access ramp.
Located in NW quadrant of Atlantic Avenue and Oakridge Boulevard.
Zoning is BR-2 (Business Retail-2).
Non-Residential Development FAR 3.0
Residential Density 40 units per acre.

Attachments & Media

Additional Details

Nearest MSA: Deltona-Daytona Beach-Ormond Beach
County: Volusia
Tax ID/APN: 5305-01-36-0050
Zoning: BR-2 ‘BUSINESS RETAIL-2'
Total Number of Buildings: 1
Number of Stories: 5
Year Built: 1968

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,375 51,887 107,949
Median Age: 45.16 42 43.18
Households: 3,341 23,454 48,800

Contact

Photograph of Listing Agent

John W. Trost, CCIM

SVN | Alliance Commercial Real Estate Advisors
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