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    331 Palmetto Ave Daytona Beach, FL 32114

    Sponsored
    For Sale
    $140,000

    Prime 10,000+ SF lot, mixed-use zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 10,018.8 square foot commercial lot presents a remarkable investment opportunity in the vibrant heart of Daytona Beach's historic district. Located at 331 S Palmetto Avenue, this property boasts a highly desirable location, placing you within easy walking distance of acclaimed restaurants, lively bars, and established professional businesses. The lot is directly across the street from Daytona Beach City Hall, ensuring high visibility and convenient access to city services. The property's zoning offers unparalleled versatility, allowing for a wide range of development possibilities. This includes the construction of single or multi-family dwellings, an assisted living facility, a childcare center, a private school, a medical or dental clinic, a pet service business, and numerous other commercial ventures. This unique zoning flexibility maximizes return on investment (ROI) by enabling the development of your own business while simultaneously owning the land, eliminating the burden of high rental costs. The asking price for this exceptional property is $140,000. While all information presented is believed to be accurate, it is not guaranteed. This is a rare opportunity to acquire a prime commercial lot in a thriving Florida location. Don't miss out on this chance to build your future in Daytona Beach.

    Property Features for 331 Palmetto Ave

    General Information

    Property type
    Mixed-use properties

    HighLights

    • $140,000 asking price.
    • 10,018.8 sq ft lot size.
    • Mixed‑use land zoned for diverse development, including multi‑family, assisted living, and commercial uses.
    • Prime location in Daytona Beach's historic district, near restaurants, businesses, and City Hall.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.01854
    Latitude
    29.2065906

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    FAQs

    What type of property is this?
    Mixed-use property - Prime 10,000+ SF lot, mixed-use zoning.
    Where is this mixed-use property located?
    The property is located at 331 Palmetto Ave Daytona Beach, FL.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: $140,000 asking price.; 10,018.8 sq ft lot size.; Mixed-use land zoned for diverse development, including multi-family, assisted living, and commercial uses.
    Request Owner's contact information
    331 Palmetto Ave Daytona Beach, FL 32114
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    Daytona Beach, FL 32114
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    331 Palmetto Ave Daytona Beach, FL 32114
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