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    537 Atlantic Ave Daytona Beach, FL 32118

    For Lease
    $15 SF/Yr ($9,000 /Mo)

    Beachfront retail, high-traffic location.

    Lot size:
    7,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Daytona Beach retail property presents a unique investment opportunity. The offering includes a 7,200 square foot existing building currently operating as a souvenir shop, situated on a substantial 52,119 square foot (1.2 acre ±) parcel. A significant ground lease opportunity of approximately 14,000 square feet is also available on this prime beachfront land. The property is zoned BR-1, offering flexibility for a variety of retail uses. The existing building's proximity to a newly leased adjacent parcel, soon to house a Dollar General, promises increased foot traffic and enhanced visibility. This single-story building has no elevators. The property's location on North Atlantic Avenue in Daytona Beach, Florida (zip code 32118), places it in a high-demand tourist area with excellent access and visibility. This combination of an existing income-generating property and a substantial ground lease opportunity makes this a compelling investment prospect for savvy entrepreneurs seeking a foothold in a thriving coastal market. The property's size and location offer significant potential for future development and expansion.

    Property Features for 537 Atlantic Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,200 SF
    Total Rate
    9000

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Size
    7,200 SF
    Rate per SF
    $15

    HighLights

    • 7,200 SF existing retail building on a 1.2‑acre parcel in Daytona Beach, FL (32118).
    • Available 14,000 SF ground lease on beachfront land.
    • BR‑1 zoning allows for flexible retail uses.
    • High visibility location near a new Dollar General, enhancing foot traffic.
    • Prime location on N Atlantic Ave, near the Plaza Resort & Spa, Club Wyndham Ocean Walk, and Hilton Daytona Beach Resort.
    • Close proximity to Daytona Beach Pier and Ocean Convention Center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sky Souvenirs Beach Clothing Store SITE Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0125153
    Latitude
    29.2350055

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    FAQs

    What type of property is this?
    Retail property - Beachfront retail, high-traffic location.
    Where is this retail property located?
    The property is located at 537 Atlantic Ave Daytona Beach, FL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 7,200 SF existing retail building on a 1.2-acre parcel in Daytona Beach, FL (32118).; Available 14,000 SF ground lease on beachfront land.; BR-1 zoning allows for flexible retail uses.
    Request Owner's contact information
    537 Atlantic Ave Daytona Beach, FL 32118
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    Daytona Beach, FL 32118
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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
    537 Atlantic Ave Daytona Beach, FL 32118
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