Mixed-Use Development For Sale | Downtown Daytona

128 S. Beach Street Daytona Beach, FL 32114

128 S. Beach Street, Daytona Beach, FL, 32114
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FOR SALE
Property Type:
Restaurant
Amount:
$5,900,000
Last Verified:
Nov 21, 2024

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Highlights

  • Prime mixed-use development on Beach Street in downtown Daytona Beach
  • Includes 12 upscale residential condos with high-end finishes
  • Features 10 commercial condos, which consist of a fully-equipped restaurant, lounge, banquet room, and two vacant units
  • High investment potential with diverse income streams and prime visibility in a vibrant, high-traffic area
  • Capitalize on nearby $31M Riverfront Esplanade Park and major downtown investments for strong returns and growth

Description

Offered at a significant discount to replacement cost!
Seize the opportunity to own a premier mixed-use development on Beach Street, right in the vibrant heart of downtown Daytona Beach.
This unique property offers 12 second and third-floor upscale residential condos with high-end finishes, spacious layouts, and appealing views—ideal for sophisticated urban living and generating steady rental income. The first floor features 10 commercial condos, including a leasable fully-equipped restaurant with a lounge, open courtyard, and space for a 22-seat bar and over 100+ additional dining seats, along with a separate pizza kitchen, banquet room, two vacant commercial units totaling 2,208 SF with mezzanines fronting on Beach Street, and 12 secure garage parking spots.
Unparalleled investment potential which benefits from the area's lively atmosphere and high pedestrian traffic, making it a prime spot for attracting a consistent flow of diners. Located on Beach Street, this development boasts prime visibility and accessibility to local amenities, cultural attractions, and the beach.
Combined with its diverse income streams, makes it a standout investment in one of Daytona Beach’s most sought-after areas. Don’t miss out on this exceptional opportunity to enhance your portfolio. Cash in on the $31,000,000 Riverfront Esplanade Park and the tens of millions of dollars in planned improvements to Jackie Robinson stadium, City Island Library and numerous other new and planned multi-family and downtown investments with a property that promises both strong upside in returns and ongoing growth.

Located on Beach Street in Downtown Daytona Beach just one block south of International Speedway Boulevard and approximately 0.8 miles to Brown & Brown Insurance Headquarters, 5 miles to I-95, and 1.3 miles to the beach. In an Opportunity Zone.


Year Built: 2008
Building Size: 33607sq ft
Lot Size: 0.67 acres


Documents

128 S. Beach Street OM
Condo Docs.pdf
Plans
First Floor Plan.pdf
Intermediate Mezzanine and Storage Floor Plan.pdf
Second Floor Plan.pdf
Third Floor Plan.pdf

Map of 128 S. Beach Street, Daytona Beach, FL, 32114

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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.