1215 n atlantic ave , daytona beach, FL, 32124

1215 n atlantic ave daytona beach, FL 32124

1215 n atlantic ave , daytona beach, FL, 32124
1215 n atlantic ave , daytona beach, FL, 32124
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$5,000,000
Last Verified:
Sep 10, 2024

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Highlights

  • - 21,000 SF office building
  • - Zoned T for versatile use
  • - Prime location in Daytona Beach
  • - Impressive 95% occupancy rate
  • - Modern and well-maintained facilities
  • - Strong potential for long-term investment
  • - Diverse tenant base
  • - Proximity to key amenities and transportation

Description

Introducing a prime investment opportunity in Daytona Beach, FL. This impressive 21,000 SF property, zoned T, offers an exceptional prospect for office building investors. With a remarkable 95% occupancy rate, this building represents a solid and lucrative endeavor. Its strategic location in the Daytona Beach area positions it as a promising asset for those seeking to enhance their investment portfolio in the commercial real estate market. Don't miss the chance to acquire this high-performing property and capitalize on its potential for long-term returns.

Investment Highlights for Charming Boutique Hotel
Prime Location:

Convenient Access: Situated within easy reach of major transportation hubs, including Deland Amtrak (46 min drive), Debary (49 min drive), Sanford (56 min drive), and Daytona Beach International Airport (18 min drive).

Proximity to Attractions: Close to popular destinations and attractions, making it an ideal choice for travelers and tourists.

Renovated and Modernized:

Recent Renovation: Fully renovated in 2024, offering modern amenities while preserving the hotel's vintage charm.

Updated Infrastructure: High-speed internet access, public access wifi, and a smoke-free environment cater to today's discerning guests.

Spacious and Comfortable:

Ample Space: The hotel boasts 20,890 square feet of space across two stories, providing plenty of room for guests to relax and enjoy their stay.

Outdoor Amenities: Features a delightful patio area for guests to unwind and socialize.

Strong Market Position:

Building Class C: Well-positioned within the market, offering a balance of affordability and comfort.

Parking Availability: A parking ratio of 1.91 spaces per 1,000 square feet ensures ample parking for guests.

Attractive Financials:

Revenue Potential: With a competitive rental rate and the ability to attract a steady stream of guests, the hotel offers strong revenue potential.

Operational Efficiency: The recent renovations and modern amenities contribute to efficient operations and reduced maintenance costs.

Growth Opportunities:

Expansion Possibilities: The 0.91-acre lot size provides potential for future expansion or additional amenities.

Market Demand: The hospitality market in the area is growing, driven by tourism and business travel, offering potential for increased occupancy rates.

Investment Security:

Solid Asset: Owning a well-maintained and recently renovated property in a prime location provides a secure and attractive investment opportunity.

Long-Term Value: The hotel's combination of modern amenities, prime location, and spacious accommodations ensures long-term value and growth potential.

Contact us today to learn more about this exciting investment opportunity and to schedule a tour of this charming boutique hotel.

Building Size: 21000sq ft
Building Class: B
Lot Size: 0 acres

Map of 1215 n atlantic ave , daytona beach, FL, 32124

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.