128 S Beach St - Apartments FOR SALE


Daytona Beach, FL 32114
$5,900,000 USD
386-301-4581
128 S Beach St, Daytona Beach, FL for Sale
$5,900,000 USD
Apartments - FOR SALE
1/28
null | Request Cap Rate

128 S Beach St
Daytona Beach, FL 32114


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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,900,000 USD

PRICE/SF

$176 USD /SF

# OF UNITS

22

PRICE/UNIT

$268,182

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mixed-Use Development | Downtown Daytona

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2008

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

RDD-1

APN/PARCEL ID

5339-0I-00-0060,5339-0I-01-0010,5339-0I-01-0020,5339-0I-01-0030,5339-0I-01-0040,5339-0I-01-0050,5339-0I-01-0060,5339-0I-01-0070,5339-0I-01-0080,5339-0I-01-0090,5339-0I-01-0100

ASK ABOUT THIS PROPERTY

John TrostSVN | Alliance Commercial Real Estate AdvisorsMore Info
386-301-4581

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John TrostSVN | Alliance Commercial Real Estate AdvisorsMore Info
386-301-4581

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.