Description
One 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.
Details
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Property ID O6407889
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Price $1,000,000
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Property Size 4017 Sqft
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Land Area 0.09 Acres
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Year Built 1952
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Property Type Mixed Use, Commercial Sale
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Property Status Active
Additional details
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Utilities Water Connected
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Cooling Central Air
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Heating Central
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County Volusia
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Property Type Commercial Sale
Address
Open on Google Maps-
Address: 2016 S ATLANTIC AVENUE
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City: Daytona Beach
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State/county: FL
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Zip/Postal Code: 32118
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Country: US