1015 S. Atlantic Hotel Condo Site

Vacant Land for Sale
Catylist Listing ID: 30184924
Property Subtypes: Hospitality, Retail, Other
Gross Land Area: 87,720 SF
Sale Price: $5,900,000
Unit Price: $67.26 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/19/2018

Overview / Comments

This parcel is located near the Silver Beach Ave beach approach, which is also one of the roads that connect beachside with the mainland by bridge. The Silver Beach bridge is currently being reconstructed and will be one of the premier entrances to the beach side. This one of the few remaining mid-size parcels left on the market in Daytona Beach that would be ideal for ~150-200 condos(depending on unit mix) or a select service hotel. The City of Daytona Beach is very flexible on development, and generally considered fair in their approval process.
Seller has $19mm of EB-5 equity arranged for this parcel. More information is available on request.

Additional Details

Nearest MSA: Deltona-Daytona Beach-Ormond Beach
County: Volusia
Tax ID/APN: 5309-15-01-0250
Zoning Description: T-1

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,468 44,511 114,984
Median Age: 51.47 40.71 43.61
Households: 3,034 20,162 52,519
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