Daytona Beachside Multi-Parcel Investment Opportunity
Listing was updated at: 04/24/2019
Property Overview
Price/Rent PSF $ 900,000.00
Asset Type Retail
Trade Type Sale & Lease
SQ. FT. Available 6,192
Date Available 04/18/2019
Additional URL Link
Parking 25
Floors 2
Additional parameters Show
Search Demographic Data Explore financing options

Contact

Description

Location
Great A1A frontage. Located on the West side of A1A in Daytona Beach in prime tourist area between International Speedway Boulevard and Harvey Avenue.

Sale
SVN | Alliance is pleased to offer this beachside portfolio of Four Properties For Sale: 123 Coates Street (vacant land), 126 South Atlantic Avenue, 128 South Atlantic Avenue and 132 South Atlantic Avenue. 126 and 128 South Atlantic are both fully leased and 132 South Atlantic is available to an end user or can be leased to provide additional income. 123 Coates may be developed for additional paid parking, a drive through restaurant or for additional retail.
The properties are located on the West side of South Atlantic across the street from the ocean and beach with 16,600 average daily traffic count in a growing tourist area. When fully leased, the pro-forma cap rate is 9.88%.

Lease
132 South Atlantic Avenue consists of both retail and office space. The first floor space (1,383 square feet) is ideally suited for retail use with access directly to walk in traffic from A1A. The Upstairs office space (1,383 square feet) has parking and access in the back of the property. The office is well appointed with private offices, a large conference room and a break room/kitchen.

Location