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501 N Grandview Ave Daytona Beach, FL 32118

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For Sale
$2,950,000

Value Add Opportunity (2.23 Acres) on the Daytona Beachside

Property size:
39,592 SF
Lot size:
2.23 Acres
Price / SF:
$74/SF
Added:
May 16, 2025
Days on Market:
348
Last Refresh:
Mar 16 at 9:06 am

Property Features for 501 N Grandview Ave

General Information

Standard status
Active
Property type
Office buildings, Office properties & Spaces
Size
39,592 SF
Class
B
Elevators
Yes
Lot size
2.23 Acres
Investment Type
Value Add

Building Details

Year Built
1968
Buildings
1
Stories
5

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Listing Contact
Michael Baxter

Listing agent Michael License #SL3451680

Listing office SVN | Alliance Commercial Real Estate Advisors

Listing date May 16, 2025


Overview

Daytona Beachside Redevelopment Opportunity

This property presents a value-add opportunity on 2.23 acres located on the Daytona Beachside. The property is currently 22.5% occupied with space available. It offers an excellent opportunity for an office user to occupy a portion of the building and offset costs with rental income. Investors can add tenants and collect rent while waiting to redevelop the prime beachside land. The building features concrete block construction and includes 150 +/- parking spaces, which currently generate rental income. Recent capital expenditures include a $90,000 TPO roof and $80,000 in HVAC upgrades. The property is located in Daytona Beach, FL, near the beach and Daytona International Speedway. It offers convenient access to I-95 and major roadways, with nearby dining and retail options. The Daytona Beach International Airport is also within a short drive. Nearby attractions include the Daytona Lagoon, Daytona Beach Bandshell, the Ocean Convention Center, and several 4-star hotels, including the Daytona Grande Oceanfront Hotel and the Plaza Resort & Spa. In addition to office and retail, BR-2 zoning allows for redevelopment uses such as hotel, multi-family, medical office, and mixed-use multi-story buildings. The property is located in the heart of Daytona Beach with easy access to beachside shopping and hotels. Owner financing is available to qualified buyers.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Securitas Security Services ... Security Service SCS Engineers Engineer Architechs for the Web, Inc. Marketing & Advertising Wickersham & Bowers Law Firm Auto Glass & Windshield ... Auto Repair Shop

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

Location Insight

  • Map
  • Local Demand
City
Daytona Beach
County
Volusia
State
Florida
Longitude
-81.0097671
Latitude
29.2270172

FAQs

What type of property is this?
Office building - Value Add Opportunity (2.23 Acres) on the Daytona Beachside
Where is this office building located?
The property is located at 501 N Grandview Ave Daytona Beach, FL.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: In addition to office and retail, BR‑2 zoning has wide range of uses for redevelopment such as hotel, multi‑family, medical office, mixed‑use multi‑story and more.; Located in the heart of the World's Most Famous Beach (Daytona Beach, FL) with easy access to beachside shopping and hotels.; Nearby the Daytona Lagoon, Daytona Beach Bandshell, and the Ocean Convention Center, and several 4‑star hotels including the Daytona Grande Oceanfront Hotel and the Plaza Resort & Spa.
More about this property
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