519 North Oleander Ave Daytona Beach, FL 32118
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.