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2016 Atlantic Avenue, Daytona Beach Shores, FL 32118
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2016 Atlantic Avenue
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Priced at Only: $1,000,000
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Address: 2016 Atlantic Avenue, Daytona Beach Shores, FL 32118
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  • MLS#: 1226079 ( Commercial Sale )
  • Street Address: 2016 Atlantic Avenue
  • Viewed: 13
  • Price: $1,000,000
  • Price sqft: $326
  • Waterfront: No
  • Year Built: 1952
  • Bldg sqft: 3066
  • Total Baths: 2
  • Days On Market: 11
  • Additional Information
  • Geolocation: 29.2022 / -80.9964
  • County: Volusia
  • City: Daytona Beach Shores
  • Zipcode: 32118
  • Provided by: Roy & Company
  • Daytona Beach Area Association of REALTORS®
  • DMCA Notice
  • Description
    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. Multiple parcels may be included adding an addition 2 retail storefront spaces with turnkey flexability.
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Features
Land Information
  • Lot Features: Other
Garage and Parking
  • Parking Features: Parking Lot
Eco-Communities
  • Water Source: Public
Utilities
  • Cooling: Central Air
  • Heating: Central
  • Road Frontage Type: State Road
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
Finance and Tax Information
  • Tax Year: 2025
Other Features
  • 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
  • Parcel Number: 5316-21-00-0071
  • Views: 13
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