340 Beach StDaytona Beach, FL 32114

This Daytona Beach, FL property offers a compelling value-add investment opportunity. Located at 340 S Beach St, this 4,537 square foot building boasts 16 tenants in a mix of medical, professional, and service-oriented businesses, ensuring diverse income streams and minimizing vacancy risk. Currently operating at 100% occupancy with a 6.12% cap rate and a pro-forma cap rate of 10.57%, this multi-tenant building presents significant upside potential. All tenants are on short-term gross leases, allowing for conversion to triple-net (NNN) leases, maximizing returns. The property features a renovated interior with common areas and benefits from a prime location in a high-traffic area, attracting nearly 10 million visitors annually. Built in 1982 on a 0.26-acre lot, the building offers 2,815 square feet of net rentable space. The current Net Operating Income (NOI) is $50,182, with a pro-forma NOI of $86,653. Annual rent bumps of 5% provide a strong hedge against inflation. This fee-simple ownership opportunity is priced at $820,000 ($180.74/sq ft) and is ideal for both owner-users and long-term investors seeking stable income and growth in a thriving location. The property's location near national retailers like Firestone, CVS, Wawa, Jimmy John's, and Family Dollar further enhances its appeal. Lease options are available.