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Josh Cotton

josh@welcomehome904.com +1(904) 982-8461

$ 1,000,000

Est. payment | -/mo

3,066 SqFt

Save Virtual Tour

$ 1,000,000

Est. payment | -/mo

Save Virtual Tour

3,066 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 3,066 sqft

Price per Sqft $326

Subdivision Armstrong

MLS Listing ID O6407889

Construction Status Completed

HOA Y/N No

Year Built 1952

Annual Tax Amount $2,870

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 31x130

Property Sub-Type Mixed Use

Source Stellar MLS

Property Description

One or more photo(s) has been virtually staged. Prime mixed-use opportunity offering immediate income and long-term upside. The ground floor features a 1,866 SF retail space currently leased at $2,500/month, providing stable cash flow. Upstairs, a 1,200 SF residential unit is operating as a high-performing Airbnb, averaging $4,000/month in income. This asset produces an estimated NOI of $78,000 annually with a 7.6 cap rate, making it an attractive option for investors seeking versatility. other Parcels may be included for an addition two retail storefronts with a total of 12,777 sqft. and turnkey flexability.
Investment highlights
Growing Redevelopment Corridor

Located in an area experiencing ongoing investment, redevelopment, and increasing commercial demand.

Immediate Cash Flow

Income-producing asset featuring a leased 1,866 SF retail space at $2,500/month and an upstairs Airbnb unit averaging approximately $4,000/month.

Strong Investor Returns

Estimated NOI of approximately $78,000 annually with a 7.6 cap rate and long-term upside potential.

Flexible Potential

Permitted uses include retail, restaurants, medical offices, professional offices, entertainment venues, service establishments, banks, galleries, and recreational facilities.

Location

State FL

County Volusia

Community Armstrong

Area 32118 - Daytona Beach/Holly Hill

Zoning GC-RD

Interior

Heating Central

Cooling Central Air

Appliance Dishwasher, Dryer, Microwave, Refrigerator, Washer

Exterior

Utilities Available Water Connected

View Y/N No

Water Access No

Building

Story 2

Foundation Slab

Lot Size Range 0 to less than 1/4

Water Public

Structure Type Block,Concrete,Stucco

New Construction false

Construction Status Completed

Others

Ownership Fee Simple

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6407889

Listed by Christopher Roy ROY & COMPANY

NEARBY SCHOOLS & PROPERTIES

"People Before Property"

Assisting buyers and sellers in achieving their goals is literally what I love to do!

+1(904) 982-8461

josh@welcomehome904.com

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2016 S ATLANTIC AVE Daytona Beach, FL 32118