Daytona Beach Italian Restaurant
136 S Atlantic Avenue, Daytona Beach, FL 32118
Established Italian restaurant steps from the ocean in Daytona Beach.
Type:Business for Sale, Retail
Property size:
2,219 SFPrice / SF:
$180/SF- Added:
- Sep 5, 2023
- Days on Market:
- 996
- Last Refresh:
- May 13 at 8:22 pm
Property Features for 136 S Atlantic Avenue
General Information
- Standard status
- Active
- Size
- 2,219 SF
- Property subtype
- Business for Sale, Retail
Building Details
- Year Built
- 1984
Listing agent Mike Khorassani
Listing office FAME Real Estate LLC
Listing date Sep 5, 2023
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of FAME Real Estate LLC
HighLights
- Prime location steps from the ocean in Daytona Beach with high visibility and heavy tourist traffic.
- Thriving, well‑established Italian restaurant business with an established reputation.
- Liquor license included with the sale.
- Fully equipped kitchen with two walk‑in freezers.
- 1880 sq ft dining area with additional outdoor seating.
- Assumable lease with option to renew.
Overview
This is an opportunity to own a well-established Italian restaurant located steps away from the ocean in Daytona Beach. The business offers authentic Italian cuisine in a warm and inviting atmosphere, benefitting from its prime location in a bustling tourist area with high visibility. The property features a fully equipped kitchen with two walk-in freezers. The dining area encompasses 1880 square feet with additional outside seating suitable for both intimate dinners and larger gatherings. The property has a 3 year lease with option to renew, and includes two full bars and a liquor license to convey with the sale. The property size is 2219 square feet.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$374.4K
NOI $33,696 @ 9.00% cap · cautious / downside scenario
Moderate
$481.4K
NOI $33,696 @ 7.00% cap · market / base-case scenario
Aggressive
$673.9K
NOI $33,696 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.7k | $21.96 |
| − Vacancy | −$3.8k | −$1.71 |
| EGI | $44.9k | $20.25 |
| − OpEx | −$11.2k | −$5.06 |
| NOI | $33.7k | $15.19 |
2,219 SF · lease $21.96/SF/yr · vacancy 7.80% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$481.4K
$421.2K – $561.6K
NOI $33,696 @ 7.0% cap · market cap 8.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$654.3K
$572.5K – $763.3K
NOI $45,800 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Rossellinis Italian Cuisine
Restaurant
Location Insight
- Map
- Local Demand
- City
- Daytona Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.006842
- Latitude
- 29.223401
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Established Italian restaurant steps from the ocean in Daytona Beach.
Where is this conventional restaurant located?
The property is located at 136 S Atlantic Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $399,500.
What are key features of this property?
This property features: Prime location steps from the ocean in Daytona Beach with high visibility and heavy tourist traffic.; Thriving, well‑established Italian restaurant business with an established reputation.; Liquor license included with the sale.
