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1012 N Atlantic Ave, Daytona Beach, FL 5 Land Properties Offered at $6,000,000 in Daytona Beach, FL
INVESTMENT HIGHLIGHTS
- Versatile zoning: #1 A boutique condo development at 100 units × $1.2M average = $120M against a $6.25M land
- Versatile zoning: be it luxury condominiums, a branded resort hotel, or a combination (condo-hotel) etc.
- Versatile zoning: #2 A hotel with ~150 keys could capitalize on Daytona’s tourism, (Daytona’s ADR was ~$140 in Summer 2023).
- Waterfront
EXECUTIVE SUMMARY
High-density development opportunity - over 2.87 acres in Daytona's revitalizing A1A corridor. Ideal for boutique luxury hotel or luxury community with about 114 units (subject to city approval).
Great opportunity for investment. Portfolio of 5 lots, where 2/5 are waterfront lots and 3/5 lots just across the street for the 2 waterfront ones. Zoned for hotel, apartment building (for up to 114 units, buyer to verify) etc.
Just 0.7 mi south of here, condos at the OCEAN VISTAS CONDO build in 2007 are currently on the market for anywhere between $1.3-$1.59M or between $551/sf and $558/sf (build in 2007)
Great opportunity for investment. Portfolio of 5 lots, where 2/5 are waterfront lots and 3/5 lots just across the street for the 2 waterfront ones. Zoned for hotel, apartment building (for up to 114 units, buyer to verify) etc.
Just 0.7 mi south of here, condos at the OCEAN VISTAS CONDO build in 2007 are currently on the market for anywhere between $1.3-$1.59M or between $551/sf and $558/sf (build in 2007)
PROPERTY FACTS
| Price | $6,000,000 | Status | Active |
| Sale Conditions | Number of Properties | 5 | |
| Cap Rate | 25% | Individually For Sale | 0 |
| Sale Type | Investment | Total Land Area | 2.87 AC |
| Price | $6,000,000 |
| Sale Conditions | |
| Cap Rate | 25% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Land Area | 2.87 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | INDIVIDUAL PRICE |
|---|---|---|---|
| 1012 Atlantic Ave, Daytona Beach, FL 32118 | Land | 0.96 AC | - |
| N Atlantic Ave, Daytona Beach, FL 32118 | Land | 0.69 AC | - |
| 1025 N Atlantic Ave, Daytona Beach, FL 32118 | Land | 0.66 AC | - |
| N Atlantic Ave, Daytona Beach, FL 32118 | Land | 0.40 AC | - |
| N Atlantic Ave, Daytona Beach, FL 32118 | Land | 0.16 AC | - |
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1012 N Atlantic Ave, Daytona Beach, FL
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