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2060 S Atlantic Ave Daytona Beach, FL 32118

Commercial land Google Maps
5,319 SF 0.28 ac lot Built 1959
Trust Owned 2-yr Hold
Estimated value (blended)
$555k
Range $500k – $611k (±10%)
Property ID US18-4067216

Property summary

AI-generated overview

This exceptional 11,954 square foot commercial lot is located at 2060 S Atlantic Ave in Daytona Beach Shores, Florida, 32118. The property boasts a prime beachfront location with direct beach access, offering unparalleled visibility and foot traffic. Currently featuring one existing unit, this vacant lot presents a unique opportunity for various commercial developments, including retail, restaurants, or entertainment venues. Its strategic location near Daytona International Speedway, the Daytona Beach Boardwalk and Pier, and the Ponce de Leon Inlet Lighthouse ensures high exposure to a large and diverse customer base. The area offers abundant outdoor recreational activities, including golfing, fishing, and access to nearby state parks, catering to a wide range of interests. A variety of dining and shopping options, such as Ocean Walk Shoppes and Tanger Outlets, are also within easy reach. The property's location benefits from the significant tourism generated by major annual events like the Daytona 500, Bike Week, and Biketoberfest. The existing structure could be utilized as is, expanded upon, or even repurposed. Further investigation into potential rezoning for multifamily use should be conducted with the appropriate authorities to explore additional development possibilities. This property represents a compelling investment opportunity in a vibrant and high-traffic coastal community. The potential for significant return on investment is substantial, given the location, size, and diverse development possibilities.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1959
Total area 5,319 SF
Lot 0.28 ac (12,000 SF)
APN 5316-18-00-1160
UPID US18-4067216

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$540k
Blend (final) Blend
$555k

Owner & transaction history

since 2023
6 recorded transactions
2023
Price N/A
2022
Price N/A
2020
Price N/A
2018
Price N/A
2010
Price N/A
1969
Price N/A

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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