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 highlightsGrowing Redevelopment CorridorLocated in an area experiencing ongoing investment, redevelopment, and increasing commercial demand.Immediate Cash FlowIncome-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 ReturnsEstimated NOI of approximately $78,000 annually with a 7.6 cap rate and long-term upside potential.Flexible PotentialPermitted uses include retail, restaurants, medical offices, professional offices, entertainment venues, service establishments, banks, galleries, and recreational facilities.
Property Features
Feature Descriptions
Listed By / Shown By
Listed By
Agency Name: ROY & COMPANY
Agency Contact: 386-516-3122
Shown By
Agent Name: Banke Ayanleke
Agent Phone: (850) 792-4919
Agency Title: Watson Realty Corp., REALTORS ®
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2016 S Atlantic Avenue | MLS# O6407889
This commercial property located at 2016 S Atlantic Avenue, Daytona Beach, FL 32118 is currently listed for sale with an asking price of $1,000,000. Search Daytona Beach real estate on www.bankeayanleke.com today.