Property profile

241-245 Franklin St Daytona Beach, FL 32114

OFF-MARKET
Specialty properties
Built 1925
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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

Location

241-245 Franklin St Daytona Beach, FL 32114
Daytona Beach metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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