Property profile

3742 S Atlantic Ave Daytona Beach Shores, FL 32118

FOR SALE
Commercial land
Property ID
US18-7355572
0.47 ac lot
Entity Owned 5-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 0.47-acre commercial lot in Daytona Beach Shores, Florida, presents a rare investment opportunity. Located at 3742 S Atlantic Ave, Volusia County, zip code 32118 (29.143419, -80.965479), this property is zoned RMF-2 (Multi-Family Residential District - Medium Density), allowing for the development of multi-family residential buildings. The lot extends from S. Atlantic Ave to Cardinal Blvd, providing convenient access to the beach – just 0.2 miles from the Emilia Ave Beach Vehicle Access Point. Its prime location offers easy access to local amenities, restaurants, and entertainment. The asking price is $498,000. Daytona Beach Shores boasts a thriving rental market with high demand, making this a potentially lucrative investment. City of Daytona Beach Shores LDC, Section 14-19, further details zoning regulations. This property is ideal for developers seeking to capitalize on the area's strong rental demand and vibrant community atmosphere. The location's proximity to the beach and local conveniences enhances its appeal and potential for high returns. Don't miss this chance to acquire a valuable piece of real estate in a booming market.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.47 ac (20,500 SF)
Zoning code RMF
APN 6302-05-08-0200
UPID US18-7355572

Cap rate & NOI

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

Location

3742 S Atlantic Ave Daytona Beach Shores, FL 32118
Daytona Beach Shores metro Census 82607 DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$355k

Owner & transaction history

since 2021
Last sale
$350,000
3 recorded transactions
2021
$350,000
2014
$165,000
2013
$95,000

Zoning & alternative use

RMF · Daytona Beach, FL

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message