Two-Story Retail Flex
For Sale
Contact for pricing
514 Main Street, Daytona Beach, FL 32118
Two-story retail flex property with a downstairs storefront and an upstairs social suite featuring a balcony.
Property Size1,968 SF
Price / SF$266.77
Days on Market123
Property Features for 514 Main Street
General Information
Standard status
Active
Size
1,968 SF
Property subtype
Retail
Zoning
Redevelopment
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Owner/User
Building Details
Year Built
1920
Stories
2
Units
1
Tenancy
Single
Listing Agency:
RE/MAX Signature
Listed By:
Greg Antonich · License #0356858
(386) 679-0443
Source:
Crexi
Added: Jun 10
Changed: Sep 27
Last Checked: Oct 9 at 6:48PM
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 RE/MAX Signature
Investment Insights
Based on property information with market context.
This two-story retail flex building includes a ground-floor storefront that is currently occupied by a tattoo parlor. Upstairs, the layout is built out as a social entertainment VIP suite with a bar, living room area, restroom, and a rear room that can serve as an office, storage, or additional living space. The second level also features a large balcony overlooking Main Street, providing outdoor space for events and gatherings. Upstairs has a separate entrance, supporting flexible private access.
Located on world-famous Main St in Daytona Beach, the property is just steps from the beach, boardwalk, and pier. The area is associated with major seasonal events including Bike Week and Biketoberfest, along with other community happenings, which can be a practical consideration for operators seeking a high-activity setting.
For buyers and tenants, the configuration supports mixed-use operation or multi-level tenanting, with a street-facing retail presence below and a private-access social/entertainment or office/storage alternative above. The upstairs suite’s built-out bar, restroom, and common areas make it well suited for uses that benefit from self-contained functionality and event-day foot traffic.
Located on world-famous Main St in Daytona Beach, the property is just steps from the beach, boardwalk, and pier. The area is associated with major seasonal events including Bike Week and Biketoberfest, along with other community happenings, which can be a practical consideration for operators seeking a high-activity setting.
For buyers and tenants, the configuration supports mixed-use operation or multi-level tenanting, with a street-facing retail presence below and a private-access social/entertainment or office/storage alternative above. The upstairs suite’s built-out bar, restroom, and common areas make it well suited for uses that benefit from self-contained functionality and event-day foot traffic.
Key Highlights
- Two‑story Main St retail flex building built in 1920 in Daytona Beach, FL
- Downstairs retail storefront currently occupied by an established tattoo parlor
- Upstairs social entertainment VIP suite with built‑out bar, living room area, restroom, and rear room for office/storage/living
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,536
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,720
$370.7K
Cap Rate 7%
$264,800
$264.8K
Cap Rate 9%
$205,956
$206.0K
Market Conditions
NOI Build-Up for 1,968 SF
Gross rent
$29.5K $15.00/SF
− Vacancy
−$3.0K −$1.55/SF
EGI
$26.5K $13.46/SF
− OpEx
−$7.9K −$4.04/SF
NOI
$18.5K $9.42/SF
Area
Volusia County, FL
Vacancy
10.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,720
Cap Rate 7%
$264,800
Cap Rate 9%
$205,956
Alternative Uses
Best Use
Retail
$264.8K
$231.7K – $308.9K
NOI $18,536 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$580.3K
$507.8K – $677.0K
NOI $40,620 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,114
Businesses Nearby
93k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 25%
Hotels & Casinos 4%
Dick's Last Resort
Dining
20,658 visits/mo
0.4 miles
Joe's Crab Shack
Dining
19,572 visits/mo
0.3 miles
Burger King
Dining
10,780 visits/mo
0.3 miles
7-Eleven
Shops & Services
9,090 visits/mo
0.4 miles
7-Eleven
Shops & Services
7,013 visits/mo
0.2 miles
Demographics for 32118, FL
17,906
Population
16,390
Households
1.1
Avg Household Size
58
Median Age
31%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
4,263
Density / Sq Mi
$60,418
Median Household Income
$36,153
Median Earnings
$1,283
Median Rent
$339,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Two-story retail flex property with a downstairs storefront and an upstairs social suite featuring a balcony.
Where is this storefront property located?
The property is located at 514 Main Street Daytona Beach, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑story Main St retail flex building built in 1920 in Daytona Beach, FL; Downstairs retail storefront currently occupied by an established tattoo parlor; Upstairs social entertainment VIP suite with built‑out bar, living room area, restroom, and rear room for office/storage/living
