Current Use by Public Records
- Hospitality properties
Property Details for 1012 Atlantic Ave
- Lot size
- 2.87 lot acres
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This exceptional 2.87-acre development site in Daytona Beach, Florida, presents a lucrative redevelopment opportunity. Located at 1012 N Atlantic Ave, this property boasts a prime beachfront location and is comprised of five parcels zoned T-1, permitting both multi-family and hotel development. The existing zoning allows for a density of 40 units per acre, with a maximum potential of 114.8 units. This translates to significant development potential, offering a high return on investment. The asking price is $5,500,000, representing a price per acre (PPA) of $1,916,376. Comparable recently sold lots in the area averaged a PPA of $2,161,290, indicating strong value in this offering. This is an unparalleled chance to capitalize on the thriving Daytona Beach tourism market and create a high-yield hospitality or multi-family project. The property's strategic location and zoning flexibility make it an ideal investment for experienced developers seeking a high-impact project in a desirable coastal location. The 32118 zip code offers easy access to local amenities and attractions.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Daytona Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.0161
- Latitude
- 29.2432
