Historic Mixed-Use Building with
219 Magnolia Avenue Daytona Beach, FL 32114
For Sale
$880,000
COMMERCIAL - Daytona Beach, FL
Property Size6,570 SF
Lot Size0.28 Acres
Price / SF$133.94
Days on Market114
Property Features for 219 Magnolia Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
5
Rooms
Bathroom 2, Bathroom 4, Bathroom 1, Bathroom 5, Bathroom 3
Parking features
Off Street
Fencing
Chain Link
Accessibility
Accessible Approach with Ramp
Standard status
Active
APN
5339-01-10-0054
Size
6,570 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
39-15-33 N 1/2 FT OF W 88 FT OF E 246 FT OF LOT 5 & W 68 FT OF E 246 FT OF LOT 6 BLK 10 HODGMANS DAYTONA MB 2 PG 82 MB 12 PG 13-15 PER OR 5207 PG 0555 PER OR 8143 PG 0721 PER OR 8411 PG 1349
Tax Annual Amount
6840
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Window Unit(s)
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
3
Flooring type
Tile, Wood
Building materials
Frame, Vinyl Siding
Roof type
Shingle
Listing Agency:
Oceans Luxury Realty Full Service LLC
(386) 236-3700
Listed By:
Dayanis Purucker · License #3366027
(386) 315-4450
Added: Apr 8
Changed: Jul 24
Last Checked: Jul 30 at 8:06AM
MLS# 1225045
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale mixed-use building includes two separate structures arranged around a large central open area. The fully renovated two-story main building features a basement for additional storage and a spacious courtyard designed to support indoor-outdoor use. The main structure has received multiple improvements, including a new roof, new windows, new plumbing, new HVAC, and a new water heater. Interior work is underway and includes new walls and flooring, with three potential bathrooms (including one ADA) roughed in to accommodate tenant or layout modifications.
A separate rear building provides built-in income with two apartments: a 2-bed/1-bath unit on the first floor and a 1-bed/1-bath unit upstairs. The property is located at 219 Magnolia Avenue in Daytona Beach, Florida.
The offering is presented with flexible use potential based on “unique opportunity zoning,” with documentation provided indicating multiple categories such as restaurant, lounge, cafe, medical or professional offices, boutique retail, wellness/spa, and studio uses.
A separate rear building provides built-in income with two apartments: a 2-bed/1-bath unit on the first floor and a 1-bed/1-bath unit upstairs. The property is located at 219 Magnolia Avenue in Daytona Beach, Florida.
The offering is presented with flexible use potential based on “unique opportunity zoning,” with documentation provided indicating multiple categories such as restaurant, lounge, cafe, medical or professional offices, boutique retail, wellness/spa, and studio uses.
Key Highlights
- Two‑building mixed‑use property with a large central open area and spacious courtyard
- Two‑story main building (built 1920) with basement for extra storage and multiple roughed‑in bathrooms, including an ADA bathroom
- Recent upgrades noted: new roof, new windows, new plumbing, new HVAC, and new water heater
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.5k | $13.92 |
| − Vacancy | −$9.1k | −$1.39 |
| EGI | $82.3k | $12.53 |
| − OpEx | −$24.7k | −$3.76 |
| NOI | $57.6k | $8.77 |
6,570 SF · lease $13.92/SF/yr · vacancy 9.97% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.43M
$1.25M – $1.66M
NOI $99,768 @ 7.0% cap · market cap 11.34%
Second Best
Multifamily LT 5
$823.4K
$720.4K – $960.6K
NOI $57,635 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$1.94M
$1.70M – $2.26M
NOI $135,605 @ 7.0% cap · market cap 15.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Two-building property with a central courtyard, a renovated two-story main structure, and two residential units in a rear building.
Where is this triplex located?
The property is located at 219 Magnolia Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: Two‑building mixed‑use property with a large central open area and spacious courtyard; Two‑story main building (built 1920) with basement for extra storage and multiple roughed‑in bathrooms, including an ADA bathroom; Recent upgrades noted: new roof, new windows, new plumbing, new HVAC, and new water heater
