519 Oleander Ave Daytona Beach, FL 32118
- Banks
- 690 SF
- 0.90 lot acres
Current Use by Public Records
- Banks
Property Details for 519 Oleander Ave
- Year built
- 1992
- Construction
- CONCRETE
- Lot size
- 0.90 lot acres
- Property size
- 690 SF
- Property type
- Banks
- APN
- 5305-01-25-0020
- APU
- 530501250020
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,850,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,075,000
- 6.5%
- $4,750,000
- 7%
- $5,175,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,560,000
- Geo Method
- $4,940,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,330,000
- Retail
- $4,385,000
- Mixed-Use
- $4,180,000
- Hospitality
- $3,945,000
- Educational
- $4,115,000
- Residential Income
- $4,540,000
- Energy
- $4,790,000
- Income-Based Land
- $3,990,000
- Food Service
- $4,385,000
Location Insight
- Map
- Local Demand
- City
- Daytona Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.0157
- Latitude
- 29.2335
- CBSA code
- 19660
- CBSA name
- DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
