537 North Atlantic Ave Daytona Beach, FL 32118
This exceptional Daytona Beach retail property presents a unique investment opportunity. The offering includes a 7,200 square foot existing building currently operating as a souvenir shop, situated on a substantial 52,119 square foot (1.2 acre ±) parcel. A significant ground lease opportunity of approximately 14,000 square feet is also available on this prime beachfront land. The property is zoned BR-1, offering flexibility for a variety of retail uses. The existing building's proximity to a newly leased adjacent parcel, soon to house a Dollar General, promises increased foot traffic and enhanced visibility. This single-story building has no elevators. The property's location on North Atlantic Avenue in Daytona Beach, Florida (zip code 32118), places it in a high-demand tourist area with excellent access and visibility. This combination of an existing income-generating property and a substantial ground lease opportunity makes this a compelling investment prospect for savvy entrepreneurs seeking a foothold in a thriving coastal market. The property's size and location offer significant potential for future development and expansion.
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Sky Souvenirs Beach Clothing Store Gift Shop
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SITE Department Store
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.