Daytona Beach Redevelopment Opportunity 2 Atlantic Ave

Signalized hard corner of Main St and S. Atlantic Ave. Four Parcels in the heart of the Daytona Beach tourism district. Steps from the 205,000 SF Ocean Center Convention Complex, Joe’s Crab Shack, the Hard Rock Oceanfront Hotel and the four-star Hilton Daytona Beach Oceanfront Resort. Over 2,000 hotel rooms within a 1-mile radius. Heavy foot traffic and owned onsite parking provide easy access year-round. Located in the Main St. CRA. 8,660 sf building with additional 1,300 sf of outside seating located at ground zero of the Daytona Beach Tourism District. Sale includes four parcels, two of which represent a 21,000 sf parking lot adjacent to building. The fourth adjacent parcel at 20 S. Atlantic Ave. is a 2,800 sf building with two tenants generating $60,000 in gross rent annually- both leases expire within 24 months. A separate parcel with a City owned parking lot to the immediate south, provides overflow parking as needed. Possibility of vacating Coates Ave. and merging parcels. Ideal site for a mixed use development opportunity. The “Cruisin’ Café” business, operated by the property owner in the main building, does not convey with the sale.
Eleven properties in the Main St. Redevelopment District were traded in one sale to a publicly traded REIT in 2023. This sale is viewed as a very positive development and has triggered additional investor interest in the district..