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118 E Fairview Avenue, Daytona Beach, FL 32114

$1,100,000
Property Type: Commercial Sale Square Footage: 12,289 Lot Size (sq. ft.): 28,750 Status: Closed
Current Price: $1,100,000 List Date: 7/19/2023 Last Modified: 9/28/2024

Overview

Description

MAJOR PRICE REDUCTION! $600,000 DROP! '' Excellent investment property with endless possibilities right on the Halifax River about 3 1/2 blocks from Daytona's iconic boardwalk on the Atlantic Ocean. Daytona is known as a dynamic fun-filled city with activities year-round. This property is on the cusp of the newly renovated Beach St business district and nature walk on the river. New luxury apartments are underway one half block south of this site. Investor's can benefit from the new face of business and commerce in this district. The property is an excellent target for 1031 reinvestment funds and is eligible for CRA credits from the City of Daytona Beach! This property can benefit from the significant tax savings that any investor can enjoy thru accel

Supplements: Modified use potentially includes: motorcycle, car, or boat sales, restaurant or bakery, Club, Lodge, Place of Worship, Attorney or contractor office building, Clinic, government building and many more options! The possibilities are truly endless! An incredibly rare find, 118 Fairview Avenue is truly a once in a lifetime opportunity. Coming across ...

Listing Details MLS# 1111711

General Property Information

Building Area Total
12289
Year Built
1955
Lot Size Acres
0.66
Lot Size Dimensions
28920
Association YN
No
Water Body Access YN
No
Waterfront YN
No
Public Remarks
MAJOR PRICE REDUCTION! $600,000 DROP! '' Excellent investment property with endless possibilities right on the Halifax River about 3 1/2 blocks from Daytona's iconic boardwalk on the Atlantic Ocean. Daytona is known as a dynamic fun-filled city with activities year-round. This property is on the cusp of the newly renovated Beach St business district and nature walk on the river. New luxury apartments are underway one half block south of this site. Investor's can benefit from the new face of business and commerce in this district. The property is an excellent target for 1031 reinvestment funds and is eligible for CRA credits from the City of Daytona Beach! This property can benefit from the significant tax savings that any investor can enjoy thru accel
List Price/SqFt
121.98
Sold Price/SqFt
89.51

Property Features

Building Features: Showroom Business Type: Auto Service; Church; Commercial; Convenience Store; Education/School; Industrial; Manufacturing; Professional Service; Professional/Office; Recreation; Restaurant; Retail; Warehouse; Wholesale Construction Materials: Stucco Cooling: Central Air Current Use: Retail Heating: Central Road Frontage Type: City Street; Highway; State Road; Other Sewer: Public Sewer Utilities: Separate Electric Meters

Contract Information

Listing Contract Date
2023-07-18
Property Sub Type
Business

Location Tax and Legal

Street Number
118
Street Direction Prefix
E
Street Name
Fairview
Street Suffix
Avenue
County
Volusia
State
FL
Postal Code
32114
MLS Area Major
32 - Daytona Beville to ISB, E of 95

Status Change Information

Major Change Timestamp
2024-07-15T13:34:51Z
Major Change Type
Status Change
Price Change Timestamp
2023-12-20T03:01:12Z
Contingent Date
2024-04-19
Purchase Contract Date
2024-02-14
Close Date
2024-04-18
Close Price
1100000

Building Features

Maximum Ceiling Height
12
Showroom
Yes

More Information

Historical Information

Public Historical Remarks 1
Road Type: Asphalt; Zoning (Text): 02M1; Meters: # Electric Meters: 1; SqFt - Total: 12289.00; Confidential Listing: N; Commercial Property Name: Daytona Motorcycle P; Financial Package: No; Franchise Opt In: No; Current # Tenant: 1.0000

Location, Tax, and Legal

Country
US
Parcel Number
5338-18-05-0010
Tax Annual Amount
12685
Tax Year
2022
Tax Legal Description
LOT 13 BLK 3 & ALL BLK 5 ORANGE ISLAND PARK DAYTONA EXC PART IN R/W RB 163 PG 591 MB 5 PG 20 PER OR 5055 PG 0762 PER OR 5349 PG 0443 PER OR 7120 PG 2182 PER OR 7483 PGS 3309-3310
Zoning Description
Retail

Currently Not Used

Year Built
1955

Construction Materials

Stucco
Yes

Cooling

Central Air
Yes

Current Use

Retail
Yes

Heating

Central
Yes

Road Frontage Type

City Street
Yes
Highway
Yes
State Road
Yes
Other
Yes

Sewer

Public Sewer
Yes

Utilities

Separate Electric Meters
Yes

Business Type

Auto Service
Yes
Church
Yes
Commercial
Yes
Convenience Store
Yes
Education/School
Yes
Industrial
Yes
Manufacturing
Yes
Professional Service
Yes
Professional/Office
Yes
Recreation
Yes
Restaurant
Yes
Retail
Yes
Warehouse
Yes
Wholesale
Yes
Listing Office: EXP Realty LLC
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.

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