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Property profile & analytics
OFF-MARKET
Commercial land

1610 Magnolia Ave South Daytona, FL 32119-1709

1,260 SF 1.07 ac lot Built 1960
Individually Owned 1-yr Hold Free & Clear
Property ID
US18-0140712
Property summary
AI-generated overview

This exceptional commercial land parcel, located at 1610 Magnolia Avenue in South Daytona, Florida (zip code 32119), presents a unique investment opportunity. Spanning 43,560 square feet (just over one acre), this mostly cleared lot is ideally situated just off Beville Road, offering excellent visibility and accessibility. The property is zoned for potential commercial development, making it suitable for a wide range of uses. Previously improved with a building that was completely demolished in 2015, this site offers a clean slate for new construction. Its strategic location provides convenient access to major transportation routes and nearby amenities. An adjacent property at 905 Beville Road, also available for purchase, offers the possibility of acquiring a combined two-acre lot for expanded development potential. This presents a significant advantage for investors seeking a larger footprint or a more comprehensive project. Prospective buyers are encouraged to conduct their own due diligence to fully assess the property's suitability for their intended use. The asking price for this prime commercial land is $350,000. Don't miss this chance to secure a valuable piece of South Daytona real estate.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1960
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,260 SF
Lot 1.07 ac (46,428 SF)
Zoning code BP
APN 5344-16-00-1171
UPID US18-0140712
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Gohar S Khan · 1 yrs held
Gohar S Khan
since 2024
5 recorded transactions
2024
Price N/A
2010
$114,000
2009
Price N/A
2006
$299,000
2001
$88,000
Zoning & alternative use
BP · South Daytona, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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