$1,000,000 - 2016 S Atlantic Avenue, DAYTONA BEACH
- -
- Bedrooms
- -
- Baths
- 3,066
- SQ. Feet
- 0.09
- Acres
One or more photo(s) has been virtually staged. 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. other Parcels may be included for an addition two retail storefronts with a total of 12,777 sqft. and turnkey flexability. Investment highlights Growing Redevelopment Corridor Located in an area experiencing ongoing investment, redevelopment, and increasing commercial demand. Immediate Cash Flow Income-producing asset featuring a leased 1,866 SF retail space at $2,500/month and an upstairs Airbnb unit averaging approximately $4,000/month. Strong Investor Returns Estimated NOI of approximately $78,000 annually with a 7.6 cap rate and long-term upside potential. Flexible Potential Permitted uses include retail, restaurants, medical offices, professional offices, entertainment venues, service establishments, banks, galleries, and recreational facilities.
Essential Information
-
- MLS® #:
- O6407889
-
- Price:
- $1,000,000
-
- Square Footage:
- 3,066
-
- Acres:
- 0.09
-
- Year Built:
- 1952
-
- Type:
- Commercial Sale
-
- Sub-Type:
- Mixed Use
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- Status:
- Active
Community Information
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- Address:
- 2016 S Atlantic Avenue
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- Area:
- Daytona Beach/Holly Hill
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- Subdivision:
- ARMSTRONG
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- City:
- DAYTONA BEACH
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- County:
- Volusia
-
- State:
- FL
-
- Zip Code:
- 32118-5008
Interior
-
- Appliances:
- Dishwasher, Dryer, Microwave, Refrigerator, Washer
-
- Heating:
- Central
-
- Cooling:
- Central Air
-
- # of Stories:
- 2
Exterior
-
- Foundation:
- Slab
Additional Information
-
- Days on Market:
- 100
-
- Zoning:
- GC-RD
Listing Details
- Listing Office:
- Roy & Company