500 Ballough RdDaytona Beach, FL 32114

Property Details for 500 Ballough Rd

Year built

1936

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.57 AC

Property size (Sq ft)

2,078 SF

Zone code

BW

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

5338-42-00-0010

APU

533842000010

Description

This exceptional 2,078 square foot flex/warehouse building at 500 Ballough Road, Daytona Beach, FL 32114, presents a unique investment opportunity. Located at the base of the Main Street Bridge and corner of Beach Street, this single-story, Class D property boasts unparalleled visibility due to its high-traffic location. Built in 1936, the property sits on a large lot with ample parking, accessible from both Ballough Road and Beach Street, providing convenient access for customers and employees. The permitted industrial zoning allows for a variety of uses, making it ideal for showrooms, show lots, restaurants, or other businesses seeking high visibility. The property offers breathtaking panoramic views of the Intracoastal Waterway, bridges, and Daytona Beach skyline. Its prime location within a redevelopment zone ensures future growth and investment potential. The asking price is $950,000. The APN is 5338-42-00-0010. This owner/user opportunity is not to be missed.

• CAP approach

  CAP return

  Valuation

  6%

  $540,866

  6.5%

  $499,261

  7%

  $463,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $475,163

  Geo Method

  $359,549

• Alternative Use

  Use

  Valuation

  Residential

  $499,261

  Hospitality

  $457,321

  Educational

  $380,485

  Medical

  $393,571

  Retail

  $591,866

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.2216

Longitude

-81.023

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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