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Property profile & analytics
OFF-MARKET
Strip malls

3162 Atlantic Ave Ste C Daytona Beach, FL 32118-6259

830 SF 0.02 ac lot Built 1986
Individually Owned
Property ID
US18-8404880
Property summary
AI-generated overview

This exceptional restaurant opportunity in Daytona Beach Shores, Florida, boasts a prime location on Atlantic Avenue (A1A), enjoying high visibility with 297 feet of frontage and benefiting from an annual average daily traffic count of 11,500 vehicles. The 5,930 square foot building sits on a 0.63-acre lot and is part of a newly renovated retail plaza, sharing space with established businesses. The single-tenant property is nearly fully built-out (90%), featuring existing equipment including hoods, walk-in coolers, and walk-in freezers, significantly reducing start-up costs and time. Ample parking is available for patrons. A stand-alone monument sign ensures excellent branding opportunities. The property's history as a Red Lobster location speaks to its proven success as a restaurant space. This is a turnkey operation ready for a new culinary concept to thrive in a high-traffic, desirable location. The property features one story and a single suite within the building. The Assessor's Parcel Number (APN) is 5334-16-00-0010. This is an exceptional opportunity for a discerning restaurateur seeking a well-established, high-visibility location.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1986
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 830 SF
Lot 0.02 ac (820 SF)
APN 5334-16-00-0060
UPID US18-8404880
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
  • Carlos Ring, REALTOR® Real Estate Agency
  • Mike's Galley restaurant Restaurant
  • Adriana Vammen Brown Real Estate Real Estate Agency
  • Veda Compton Oceans Luxury Realty Real Estate Agency
  • AT&T U-verse Telecommunications Service Data Center
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
CRYSTAL ANDERSON
CRYSTAL ANDERSON
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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