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OFF-MARKET
Specialty properties

241-245 Franklin St Daytona Beach, FL 32114

Built 1925
Property ID
Property summary
AI-generated overview

This exceptional Daytona Beach property, located at 241-245 S Franklin Street, presents a unique investment opportunity. Encompassing a substantial 16,552.8 square foot lot, the property is comprised of two parcels (51x165 and 75x110) sold as one. Currently featuring three existing structures, the site offers flexibility for rehabilitation or demolition, making it ideal for various development scenarios. The property is grandfathered as residential and is situated within the Midtown Redevelopment area, potentially qualifying for grants. A variety of uses are possible, including but not limited to religious institutions, funeral homes, or multi-family residential buildings. The seller is motivated and will consider financing with a significant down payment. Utilities are on-site, and the seller will complete land cleanup before closing. A large commercial building is located adjacent to the property. This offering represents a compelling land value proposition. Prospective buyers are encouraged to conduct their own due diligence regarding zoning regulations

Property profile
Verified
Property type Specialty properties
Year built 1925
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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