116 Center StDaytona Beach, FL 32117

Property Details for 116 Center St

Year built

1964

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.32 AC

Property size (Sq ft)

2,014 SF

Zone code

RP

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

4244-01-33-0016

APU

424401330016

Description

This exceptional investment opportunity in Holly Hill, Florida, presents a unique three-parcel offering. The centerpiece is a 2,100 square foot, single-story Class C commercial building, built in 1964 and renovated in 2020. Currently vacant, this traditional office space features a blend of offices and open floor plan, ideal for various uses. The building sits on a lot approximately 60 x 232 feet, providing ample space. A significant aspect of this offering is the inclusion of a fully renovated, four-bedroom, three-bathroom house, also approximately 2,100 square feet, perfect for employee housing or short-term rentals. This house, like the commercial building, benefits from recent upgrades including electrical, HVAC, plumbing, kitchen, and appliances. Completing this package is an additional vacant lot, also roughly 60 x 232 feet, offering significant expansion potential. The entire property is zoned R/P and features a rear street entrance. The asking price for the entire three-parcel assemblage is $950,000. The property's APN numbers are 4244-01-33-0016, 424401330017, and 424401330017. This is a rare opportunity to acquire a diverse portfolio of properties in a central location. The former port office building offers a unique character and potential for creative redevelopment.

• CAP approach

  CAP return

  Valuation

  6%

  $457,604

  6.5%

  $422,403

  7%

  $392,232

• Comparable approach

  Method

  Valuation

  Relative Method

  $385,741

  Geo Method

  $348,475

• Alternative Use

  Use

  Valuation

  Residential

  $422,403

  Hospitality

  $386,919

  Educational

  $321,912

  Medical

  $332,983

  Retail

  $500,752

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.2237

Longitude

-81.0405

CBSA code

19660

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].