Zappi's Italian Garden restaurant and apart. 128 S Beach St 22 Unit Apartment Building $5,500,000 ($250,000/Unit) Daytona Beach, FL 32114

Prime Mixed-Use Investment Opportunity in Historic Downtown Daytona Beach
12 Apartments • 10 Commercial Spaces • Turnkey $1M+ Restaurant Build-Out • Certified Opportunity Zone
Recently dissolved the condominium documents to simplify this as a single-asset purchase—ideal for an investor seeking immediate cash flow and flexibility. The condo structure can be reinstated easily, allowing units to be sold separately if desired.
This 2008-built, 5-star-rated concrete building offers exceptional quality and resilience:
• 12 residential apartments (upper floors)
• 10 ground-floor commercial spaces, with 8 already built out
• Fully equipped, turnkey restaurant (over 100+ seating capacity, lounge, open courtyard, separate pizza kitchen, banquet room) — ready to open immediately. As the longtime owner-operator for more than a dozen years, we built a strong, loyal clientele in Daytona Beach’s vibrant event-driven market. We have established relationships with major large-format event groups—this is a proven destination location just waiting for the right brand or operator to take it to the next level.
• Additional 2,400 sq ft front-facing commercial space (not yet built out) — perfect to expand the existing restaurant with a 100’ sidewalk café, lounge, or brewery concept.
Premium features include:
• Raised construction with full hurricane-rated windows and doors
• Fully sprinklered throughout
• 12-car secure indoor parking garage
• Indoor gym for tenants
Certified Opportunity Zone (2017 Tax Cuts and Jobs Act) — defer capital gains taxes now and enjoy potential full elimination after 10 years of ownership. Combine that with Florida’s no state income tax, incredible weather, and the massive revitalization happening right here.
Located in the heart of Historic Downtown Daytona Beach on Beach Street, surrounded by hundreds of millions in public and private investments (including the $31M+ Riverfront Esplanade Park, Jackie Robinson Stadium upgrades, new multifamily projects, and more). This is a rare chance for smart investors or New Yorkers (and families from anywhere) looking to relocate the whole family tree with major tax advantages and lifestyle upside.
This property is worth the trip—whether you’re an operator ready to brand a busy destination restaurant or an investor eyeing strong rental income + long-term appreciation.
Email me today to arrange a FaceTime walkthrough or schedule an in-person tour. Serious inquiries only.
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Quick Market Context (to help you price or negotiate)
• Mixed-use properties in Daytona Beach currently average around $155/sq ft, with active listings ranging from $400k–$9M+ depending on size and condition. Larger downtown buildings like this one (roughly 33k+ sq ft total) often trade in the multi-million range.
• Downtown is seeing strong momentum with ongoing CRA funding (tens of millions allocated) and major projects underway.
• Opportunity Zone rules remain in effect through 2026 with the classic 10-year hold for full capital-gains exclusion—your description is spot-on.
Here’s what the vibrant Historic Downtown Daytona Beach area looks like right now (Beach Street corridor — prime visibility and foot traffic):