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.
| MLS # | O6407889 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1952 |
| Days On Site | 136 |
| Listing Provided By | ROY & COMPANY | Christopher Roy |
| SQ Feet | 3,066 |
|---|---|
| Story(s) | 2 |
| Units | 2 |
| Zoning | GC-RD |
| Acreage | 0.09 |
| Property | 2870 |
|---|
| State | FL |
|---|---|
| County | Volusia |
| City | DAYTONA BEACH |
| Zip Code | 32118 |
| Area | 32118 Daytona Beach | Holly Hill |
| Community Name | ARMSTRONG |
| Listing VS Median (in ARMSTRONG) | |
Price: $1,000,000 low | high Med: $1,000,000 sqft: 3,066 low | high Med: 4,222 $ / sqft: $326 low | high Med: $256 On site: 136 low | high Med: 136 | |
| State | FL |
|---|---|
| County | Volusia |
| City | DAYTONA BEACH |
| Zip Code | 32118 |
| Area | 32118 Daytona Beach | Holly Hill |
| Community Name | ARMSTRONG |
| Listing VS Median (in ARMSTRONG) | |
Price: $1,000,000 low | high Med: $1,000,000 sqft: 3,066 low | high Med: 4,222 $ / sqft: $326 low | high Med: $256 On site: 136 low | high Med: 136 | |