For Sale $6,500,000
Property Type Retail - Street Retail
Property Size 12,867 SF
Year Built 1980
Date Updated Apr 20, 2024
Website www.cbcworldwide.com

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. 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.

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Highlights

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, the Atlantic Ocean, Joes Crab Shack, the Hard Rock Oceanfront Hotel and the four-star Hilton Daytona Beach Oceanfront Resort. 2,000 hotel rooms within a 1-mile radius. Heavy foot traffic and owner controlled onsite parking provide easy access year-round. Located in the Main St. CRA.
Age: 41-50 Years Old
Sewer: City
Water: City Water
Daytona Beach Tourist District
Famous Main Street and A1A
4 Parcels Included
Redevelopment Opportunity