594 Ballough Rd Daytona Beach, FL 32114
- Warehouses
- 5,438 SF
- 0.49 lot acres
Current Use by Public Records
- Precision Moto Works LLC / Motorcycle Shop
Property Details for 594 Ballough Rd
- Year built
- 1965
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.49 lot acres
- Property size
- 5,438 SF
- Zone code
- BW
- Property type
- Warehouses
- APN
- 5338-05-00-0480
- APU
- 533805000480
Description
This exceptional investment opportunity encompasses three parcels totaling approximately 1.56 acres (21,344.4 sq ft) in Daytona Beach, Florida's vibrant Daytona Design District, situated near Beach Street. The assemblage includes 594 Ballough Road (0.40 acres), 600 Ballough Road (0.66 acres), and 578 Ballough Road (0.5 acres), offering a combined 6,281 square feet of existing building space, built in 1965. This property is being sold "as is" and presents a unique chance for developers to capitalize on the area's ongoing transformation and redevelopment plan. The location offers city grant opportunities, making it an attractive proposition for creating a mixed-use development, potentially including multifamily residential units, retail spaces, and complementary businesses. The property's strategic position near the river and its proximity to the revitalized Beach Street area promise significant long-term growth potential. This is an ideal opportunity for a visionary developer seeking to contribute to the area's exciting evolution. All three parcels are being sold together.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $540,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $680,000
- 6.5%
- $655,000
- 7%
- $605,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $650,000
- Geo Method
- $600,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $725,000
- Retail
- $715,000
- Mixed-Use
- $725,000
- Hospitality
- $580,000
- Educational
- $725,000
- Residential Income
- $600,000
- Energy
- $735,000
- Income-Based Land
- $685,000
- Food Service
- $735,000
Location Insight
- Map
- Local Demand
- City
- Daytona Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.0233
- Latitude
- 29.2245
- CBSA code
- 19660
- CBSA name
- DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA