2016 Atlantic Avenue, DAYTONA BEACH, FL 32118
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Priced at Only: $1,000,000
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Address: 2016 Atlantic Avenue, DAYTONA BEACH, FL 32118
Property Location and Similar Properties
- MLS#: O6407889 ( Commercial Sale )
- Street Address: 2016 Atlantic Avenue
- Viewed: 1
- Price: $1,000,000
- Price sqft: $249
- Waterfront: No
- Year Built: 1952
- Bldg sqft: 4017
- Days On Market: 2
- Additional Information
- Geolocation: 29.2022 / -80.9964
- County: VOLUSIA
- City: DAYTONA BEACH
- Zipcode: 32118
- Subdivision: Armstrong
- Provided by: ROY & COMPANY
- Contact: Christopher Roy
- 386-516-3122

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DescriptionOne 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.
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Building and Construction
- Covered Spaces: 0.00
- Living Area: 3066.00
Property Information
- Property Condition: Completed
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
Eco-Communities
- Water Source: Public
Utilities
- Carport Spaces: 0.00
- Cooling: Central Air
- Heating: Central
- Road Frontage Type: State Road
- Utilities: Water Connected
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 78000.00
- Other Expense: 0.00
- Tax Year: 2025
Other Features
- Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
- Country: US
- Legal Description: LOT 7 EXC S 100 FT MEAS ON ATLANTIC AVE PER DB 470 PG 369 & EXC N 13 FT MEAS ON ATLANTIC AVE BEING 30.9 FT ON W/S ARMSTRONG SUB MB 9 PG 280 PER OR 4888 PG 3725 PER OR 5559 PG 770 PER OR 6831 PG 0985
- Area Major: 32118 - Daytona Beach/Holly Hill
- Occupant Type: Tenant
- Parcel Number: 531621000071
- Zoning Code: GC-RD
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