Historic Daytona Beachside Investment Opportunity

42 S Peninsula Drive, Daytona Beach, FL 32118

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For Sale

Contact for pricing

1920s gem with income and redevelopment potential.

Type:Office

Property size:

5,588 SF

Price / SF:

$170/SF

HighLights

High‑yield investment opportunity with steady operating income and escalation clauses.
Versatile RP zoning allows for diverse uses: professional offices, medical, multifamily, duplexes, assisted living, and day care.
Includes three neighboring vacant parcels for massive long‑term redevelopment potential.
Prime corner lot location with frontage on Peninsula, Halifax, and Harvey.
Large 5,588 SF main building.
Onsite parking.

We can help!

Listing Contact

John Adams

For Sale

Contact for pricing

1920s gem with income and redevelopment potential.

Type:Office

Property size:

5,588 SF

Price / SF:

$170/SF

Added:: Feb 10, 2026
Days on Market:: 131
Last Refresh:: Mar 17 at 1:15 pm

Property Features for 42 S Peninsula Drive

General Information

Standard status: Active
Size: 5,588 SF
Property subtype: Office

Building Details

Year Built: 1920

We can help!

Listing Contact

John Adams

Listing agent John Adams License #BK3074782

Listing office Adams Cameron & Co Ormond Beach

Listing date Feb 10, 2026

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 Adams Cameron & Co Ormond Beach

HighLights

High‑yield investment opportunity with steady operating income and escalation clauses.
Versatile RP zoning allows for diverse uses: professional offices, medical, multifamily, duplexes, assisted living, and day care.
Includes three neighboring vacant parcels for massive long‑term redevelopment potential.
Prime corner lot location with frontage on Peninsula, Halifax, and Harvey.
Large 5,588 SF main building.
Onsite parking.

Overview

This 1920s historic building, located at 42 S. Peninsula Drive in Daytona Beach, presents a rare investment opportunity in the beachside market. The 5,588 SF main building occupies a corner lot with frontage on Peninsula, Halifax, and Harvey. Currently operating as an established accounting office, the property generates steady operating income with escalation clauses and a strong cap rate. Onsite parking is available. The property is zoned RP (Residential/Professional), permitting professional offices, medical uses, or multifamily dwellings. Additional permitted uses include duplexes, assisted living facilities, and day care centers. The sale includes three neighboring vacant parcels, offering long-term redevelopment potential. This property is suitable for a high-yield professional asset or a strategic site for future healthcare, educational, or residential projects.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$120.7k	$21.60
− Vacancy	−$9.1k	−$1.62
EGI	$111.6k	$19.98
− OpEx	−$27.9k	−$5.00
NOI	$83.7k	$14.99

5,588 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.20M

$1.05M – $1.40M (±1% cap)

NOI $83,736 @ 7.0% cap · market cap 8.81%

Second Best

Multifamily LT 5

$700.3K

$612.8K – $817.0K (±1% cap)

NOI $49,021 @ 7.0% cap · market cap 5.16%

Theoretical Best

Office A

$1.65M

$1.44M – $1.92M (±1% cap)

NOI $115,336 @ 7.0% cap · market cap 12.14%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Raymond James Financial Advisor Bolerjack Halsema, Bowling ... Accounting Firm

Suggested Use

Location Insight

Map
Local Demand

City: Daytona Beach
County: Volusia
State: Florida
Longitude: -81.0123541
Latitude: 29.2235604

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For sale
Office buildings
FL
Daytona Beach
32118
42 S Peninsula Drive

What type of property is this?

Office building - 1920s gem with income and redevelopment potential.

Where is this office building located?

The property is located at 42 S Peninsula Drive Daytona Beach, FL.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: High‑yield investment opportunity with steady operating income and escalation clauses.; Versatile RP zoning allows for diverse uses: professional offices, medical, multifamily, duplexes, assisted living, and day care.; Includes three neighboring vacant parcels for massive long‑term redevelopment potential.