Property profile

0 Wild Olive Ave Daytona Beach, FL 32118

OFF-MARKET
Land
2.3 ac lot
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Property summary

AI-generated overview

This exceptional 2.3-acre commercial land parcel presents a rare investment opportunity in Daytona Beach, Florida's desirable beachside area. Currently zoned RP, the land is already subdivided into 31 separate parcels, offering immediate development potential. Utilities are readily available, and the zoning permits a density of up to 20 units per acre, significantly increasing the potential return on investment. The property's prime location within the historic Seabreeze Boulevard district provides exceptional access to both the Atlantic Ocean and the Intracoastal Waterway, enhancing its appeal and value. Adding to its strategic advantage, there's a potential for assemblage with the adjacent Wells Fargo bank branch, allowing for the control of an entire city block. This presents a unique chance to create a substantial development project in a highly sought-after location. The asking price for this remarkable property is $2,500,000. Don't miss this chance to acquire a significant piece of Daytona Beach real estate.

Property profile

Verified
Property type Land
Lot 2.3 ac (100,188 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Wild Olive Ave Daytona Beach, FL 32118
Daytona Beach metro
Google Maps

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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