Property Description

PROPERTY ADDRESS:116, 120, 124, 128 Michigan Avenue & 440 N. Beach Street, Daytona Beach, FL 32114NUMBER OF PARCELS: 3TOTAL LOT SIZE: ±47,916 SF | ±1.10 AcresZONING: RDM-6, RDM-10, BA, and RDB-4 (To Be Verified by City of Daytona Beach)PROPERTY DESCRIPTIONPrime Beachside Development Assemblage | ±1.10 Acres116 - 128 Michigan Avenue & 440 N. Beach Street, Daytona Beach, FL 32114This rare three-parcel assemblage offers a unique opportunity to invest in Daytona Beach's revitalizing downtown district. Located steps from Main Street, the iconic Daytona Beach Boardwalk, and the Atlantic Ocean, this ±1.10-acre site includes multifamily residential and mixed-use commercial zoning - creating the ideal setting for a transformative redevelopment project. DEVELOPMENT HIGHLIGHTSFlexible Zoning Mix:Residential Multifamily: Parcels designated as 0804 and 0806 allow for 4 - 6 units per lot (RDM-6 or RDM-10).Mixed-Use CommercialPotential Uses:Boutique apartment complexes or urban townhomesMixed-use buildings with retail/office below and residential aboveShort-term vacation rental units (subject to local approval)Live-work units or small hospitality conceptsAssemblage Advantage:Combined acreage enables larger-scale projects Potential to attract public incentives tied to Daytona Beach's downtown/beachside redevelopment initiativesLOCATION & ACCESSIBILITYProximity to Key Attractions:Less than 2 blocks from Main Street and the Atlantic shorelineWalking distance to the Daytona Beach Boardwalk, Riverfront Esplanade, museums, and marinaUnder 10 minutes to Daytona International Speedway and Daytona Beach International AirportTransportation & Exposure:Positioned along N. Beach Street, a high-visibility corridor with estimated daily traffic counts of 8,000-12,000 vehiclesEasily accessible via public transit and major regional connectors like International Speedway Blvd.INVESTMENT HIGHLIGHTSStrategic 3-Parcel Assemblage with redevelopment potential in a high-demand coastal zoneZoning Flexibility supporting multifamily, mixed-use, and short-term rental modelsHigh Visibility & Foot Traffic near tourism hotspots and major Daytona Beach eventsWalkable Lifestyle Location with access to entertainment, waterfront parks, and diningTourism & Long-Term Rental Opportunity in a corridor experiencing ongoing economic and infrastructure growthZONING VERIFICATION NOTICE:All buyers are encouraged to verify land use classifications, density allowances, and redevelopment guidelines directly with the City of Daytona Beach Planning & Zoning Department prior to contract execution.

Property Features