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Property profile & analytics
FOR SALE
Banks

519 North Oleander Ave Daytona Beach, FL 32118

690 SF 0.9 ac lot Built 1992
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US18-0309622
Property summary
AI-generated overview

This exceptional 0.89-acre commercial land parcel, located at 519 North Oleander Avenue in Daytona Beach, Florida (APN: 530501250020), presents a unique redevelopment opportunity. Currently zoned RP (Residential Professional) by the City of Daytona Beach, this former bank drive-thru site is ideally situated in the heart of Daytona Beach's vibrant entertainment district. Its strategic location offers unparalleled access to the area's bustling activity, placing it within a quarter-mile walking distance of the beach. The property benefits from its proximity to numerous businesses, restaurants, and residential areas, enjoying a convenient position midway between Seabreeze Boulevard and Oakridge Boulevard, flanking the Mason Avenue Bridge. The surrounding area boasts a high concentration of hospitality options, with over 100 hotels and 125 restaurants within a 5-mile radius, ensuring high visibility and potential for a variety of uses. This prime location offers significant potential for redevelopment projects or could serve as valuable event parking. The asking price for this exceptional property is $549,000. This is a rare chance to acquire a highly desirable commercial land parcel in a thriving coastal community. Don't miss this opportunity to capitalize on the potential of this exceptional Daytona Beach location.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1992
Construction CONCRETE
Total area 690 SF
Lot 0.9 ac (39,000 SF)
APN 5305-01-25-0020
UPID US18-0309622
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.85M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.85M
Owner & transaction history
Basin Street Realty LLC · 1 yrs held
Basin Street Realty LLC
since 2024
Last sale
$4.8M
4 recorded transactions
2024
$4.8M
2014
Price N/A
2003
$6.3M
1999
$108,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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