600 Ballough RdDaytona Beach, FL 32114

Property Details for 600 Ballough Rd

Year built

1957

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.66 AC

Property size (Sq ft)

11,056 SF

Zone code

BW

Property type

Retail properties

Property subtype

Retail space

APN

5338-05-00-0510

APU

533805000510

Description

This exceptional investment opportunity encompasses three parcels totaling 1.56 acres (28,749.6 sq ft) in Daytona Beach, Florida, at 600 Ballough Road (and adjacent properties at 594 and 578 Ballough Road), currently listed at $6,000,000. The property features a combined 11,056 square feet of existing structures built in 1957, suitable for redevelopment. Located within the Daytona Design District, this site is poised for significant growth, benefiting from its proximity to Downtown Beach Street, currently undergoing revitalization. The property is part of the Downtown Ballough Road Redevelopment Area Plan, making it eligible for city grant opportunities. This assemblage presents a unique chance for a developer to create a mixed-use project, potentially including multifamily residential units, retail spaces, and other complementary businesses. The "as-is" sale allows for complete creative control over the future development of this strategically located property. The property's diverse zoning allows for a wide range of development possibilities, capitalizing on the area's ongoing transformation and the potential for substantial returns. Detailed parcel information is available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $3,411,275

  6.5%

  $3,148,869

  7%

  $2,923,950

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,109,957

  Geo Method

  $3,110,137

• Alternative Use

  Use

  Valuation

  Residential

  $2,656,189

  Hospitality

  $2,433,055

  Educational

  $2,024,273

  Medical

  $2,093,891

  Retail

  $3,148,869

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.2249

Longitude

-81.0235

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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