409 International Speedway BlvdDaytona Beach, FL 32114

Property Details for 409 International Speedway Blvd

Year built

1918

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.49 AC

Property size (Sq ft)

6,608 SF

Zone code

M1

Property type

Retail properties

Property subtype

Retail space

APN

5339-20-00-0020

APU

533920000020

Description

This exceptional commercial property at 409 W. International Speedway Blvd., Daytona Beach, FL 32114, presents a lucrative investment opportunity or a user-ready building. The property encompasses a 9,358 square foot building, featuring a 6,608 square foot retail showroom and a 2,750 square foot warehouse, situated on a 0.49-acre lot. Boasting 122 feet of frontage on International Speedway Blvd, this multi-tenant property currently enjoys 100% occupancy, with detailed cash flow information available under a confidentiality agreement. The property is zoned M-1, allowing for diverse uses including automotive, marine, retail, industrial, and office. Its strategic location offers easy access to Daytona Beach's major retail, healthcare, transportation, and education centers. The property benefits from its placement in an Opportunity Zone and a designated Florida Enterprise Zone, providing additional investment incentives. Its proximity to Walgreens and Wawa at the US Hwy 1 and US Hwy 92 intersection ensures high visibility and accessibility. Significant signage opportunities exist along International Speedway Blvd, a major thoroughfare with an average daily traffic count of 23,500 vehicles. An assemblage opportunity exists, encompassing a total of 19,626 square feet of commercial space across 1.5 acres with 538 feet of combined frontage on International Speedway Blvd and Segrave Street. The property's APN is 533920000020. The asking price is $991,200.

• CAP approach

  CAP return

  Valuation

  6%

  $2,039,154

  6.5%

  $1,882,296

  7%

  $1,747,846

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,456,895

  Geo Method

  $1,858,881

• Alternative Use

  Use

  Valuation

  Residential

  $1,587,787

  Hospitality

  $1,454,404

  Educational

  $1,210,048

  Medical

  $1,251,663

  Retail

  $1,882,296

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.2097

Longitude

-81.0245

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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