241-245 Franklin St Daytona Beach, FL 32114
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.