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    578 Ballough Rd Daytona Beach, FL 32114

    Sponsored
    For Sale
    $6,000,000

    Prime Daytona Beach location, redevelopment potential.

    Property size:
    3,060 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional Daytona Beach property, located at 578 Ballough Road, presents a unique investment opportunity. Encompassing a total of 21,780 square feet, this mixed-use assemblage includes three parcels totaling approximately 1.56 acres within the Downtown Ballough Road Redevelopment Area Plan. The existing 3,060 square foot building, constructed in 1950, is being sold "as is" and offers significant redevelopment potential. The property's prime location in the Daytona Design District, adjacent to the evolving Downtown Beach Street, positions it perfectly for a visionary developer. City grant opportunities exist within this redevelopment area, making this an attractive proposition for projects such as a vertical mixed-use multifamily community incorporating retail spaces. The assemblage provides a chance to revitalize and expand the area, creating a distinctive development that complements nearby businesses. This is a rare chance to shape the future of this dynamic Daytona Beach neighborhood. The asking price for this exceptional opportunity is $6,000,000. Serious inquiries are encouraged.

    Property Features for 578 Ballough Rd

    General Information

    Property type
    Amusement parks
    Square Feet
    3,060 SF

    Building Details

    Year Built
    1950

    HighLights

    • $6,000,000 asking price.
    • 3,060 square foot building on a 21,780 square foot lot.
    • Built in 1950.
    • Located at 578 Ballough Road, Daytona Beach, FL 32114.
    • Part of a three‑parcel assemblage in the Daytona Design District, ideal for redevelopment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Amusement parks

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store 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
    -81.0231809
    Latitude
    29.2243069

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    FAQs

    What type of property is this?
    Amusement park - Prime Daytona Beach location, redevelopment potential.
    Where is this amusement park located?
    The property is located at 578 Ballough Rd Daytona Beach, FL.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: $6,000,000 asking price.; 3,060 square foot building on a 21,780 square foot lot.; Built in 1950.
    Request Owner's contact information
    578 Ballough Rd 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
    578 Ballough Rd Daytona Beach, FL 32114
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