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    2 Atlantic Ave Daytona Beach, FL 32118

    For Sale
    $6,500,000

    Prime Location, High-Traffic, Multi-Use Property

    Property size:
    39,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Daytona Beach property presents a lucrative investment opportunity. Located at 2-20 S Atlantic Avenue, this multi-use commercial property boasts a total of 39,000 square feet on a 12,641.11 square foot lot. The property includes a renowned restaurant, widely recognized as a Daytona Beach landmark, attracting significant traffic, particularly during peak events like NASCAR and Bike Week. The sale encompasses the restaurant building, land, and a substantial 13,662 square foot parking lot situated on S. Coates Street behind the main building, totaling over an acre. Adding to the investment potential, two additional businesses currently operate under lease agreements within the south 185 linear feet of the S. Atlantic Avenue frontage. Built in 1980, this property offers a unique blend of established businesses and significant development potential. The asking price for this iconic Daytona Beach property is $6,500,000. This is a rare chance to acquire a well-established, high-traffic commercial property in a prime location, offering immediate income streams and long-term growth opportunities. The property's diverse uses, including restaurant, bar, convenience store, and executive office space, cater to a wide range of potential tenants and revenue streams. The extensive parking lot provides ample space for customers and employees. This is an exceptional opportunity for a savvy investor seeking a high-return investment in a vibrant Florida market.

    Property Features for 2 Atlantic Ave

    General Information

    Property type
    Restaurants
    Square Feet
    39,000 SF

    Building Details

    Year Built
    1980

    HighLights

    • $6,500,000 asking price.
    • 39,000 square foot retail, land, and office property.
    • Located at 2‑20 S Atlantic Avenue, Daytona Beach, FL 32118.
    • 12,641.11 square foot lot size.
    • Built in 1980.
    • Includes iconic Daytona Beach restaurant, plus two leased businesses and a large parking lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cruisin Cafe Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0080338
    Latitude
    29.2259238

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    FAQs

    What type of property is this?
    Restaurant - Prime Location, High-Traffic, Multi-Use Property
    Where is this restaurant located?
    The property is located at 2 Atlantic Ave Daytona Beach, FL.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: $6,500,000 asking price.; 39,000 square foot retail, land, and office property.; Located at 2-20 S Atlantic Avenue, Daytona Beach, FL 32118.
    Request Owner's contact information
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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
    2 Atlantic Ave Daytona Beach, FL 32118
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