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124 Michigan Avenue, Daytona Beach, FL 32114

$1,200,000
Property Type: Residential Bedrooms: 1 Baths: 1 Square Footage: 1,190 Status: Active
Current Price: $1,200,000 List Date: 6/11/2025 Last Modified: 7/15/2025

Description

PROPERTY ADDRESS: 116, 120, 124, 128 Michigan Avenue & 440 N. Beach Street, Daytona Beach, FL 32114 NUMBER OF PARCELS: 3 TOTAL LOT SIZE: ±47,916 SF | ±1.10 Acres ZONING: RDM-6, RDM-10, BA, and RDB-4 (To Be Verified by City of Daytona Beach) PROPERTY DESCRIPTION Prime Beachside Development Assemblage | ±1.10 Acres 116 - 128 Michigan Avenue & 440 N. Beach Street, Daytona Beach, FL 32114 This 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 HIGHLIGHTS Flexible Zoning Mix: Residential Multifamily: Parcels designated as 0804 and 0806 allow for 4 - 6 units per lot (RDM-6 or RDM-10). Mixed-Use Commercial Potential Uses:

Supplements: Boutique apartment complexes or urban townhomes Mixed-use buildings with retail/office below and residential above Short-term vacation rental units (subject to local approval) Live-work units or small hospitality concepts. Assemblage Advantage: Combined acreage enables larger-scale projects Potential to attract public incentives tied to Daytona Beach's downtown/beachside redevelopment initiatives. LOCATION & ACCESSIBILITY Proximity to Key Attractions: Less than 2 blocks from Main Street and the Atlantic shoreline Walking distance to the Daytona Beach Boardwalk, Riverfront Esplanade, museums, and marina Under 10 minutes to Daytona International Speedway and Daytona Beach International Airport Transportation & Exposure: Positioned along N. Beach Street, a high-visibility corridor with estimated daily traffic counts of 8,000-12,000 vehicles Easily accessible via public transit and major regional connectors like International Speedway Blvd. INVESTMENT HIGHLIGHTS Strategic 3-Parcel Assemblage with redevelopment potential in a high-demand coastal zone Zoning Flexibility supporting multifamily, mixed-use, and short-term rental models High Visibility & Foot Traffic near tourism hotspots and major Daytona Beach events Walkable Lifestyle Location with access to entertainment, waterfront parks, and dining Tourism & Long-Term Rental Opportunity in a corridor experiencing ongoing economic and infrastructure growth ZONING 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.

More Information MLS# 1214446

General Property Information

Living Area: 1190 CDD Fee YN: No Association YN: No Waterfront YN: No Senior Community YN: No Directions: From I95, travel down International Speedway, turn left onto N. Beach St. Make a left onto Michigan Ave. Property is located on the right. Public Remarks: PROPERTY ADDRESS: 116, 120, 124, 128 Michigan Avenue & 440 N. Beach Street, Daytona Beach, FL 32114 NUMBER OF PARCELS: 3 TOTAL LOT SIZE: ±47,916 SF | ±1.10 Acres ZONING: RDM-6, RDM-10, BA, and RDB-4 (To Be Verified by City of Daytona Beach) PROPERTY DESCRIPTION Prime Beachside Development Assemblage | ±1.10 Acres 116 - 128 Michigan Avenue & 440 N. Beach Street, Daytona Beach, FL 32114 This 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 HIGHLIGHTS Flexible Zoning Mix: Residential Multifamily: Parcels designated as 0804 and 0806 allow for 4 - 6 units per lot (RDM-6 or RDM-10). Mixed-Use Commercial Potential Uses: Water Body Access YN: No Stories: 1 List Price/SqFt: 1008.4 Bedrooms Total: 1 Bathrooms Full: 1 Bathrooms Total: 1 Year Built: 1930

Contract Information

Property Attached YN: No Current Price: $1,200,000 Property Sub Type: Single Family Residence Status: Active List Price: $1,200,000 Listing Contract Date: 2025-06-10

Currently Not Used

Bedrooms Total: 1 Bathrooms Full: 1 Bathrooms Half: 0 Bathrooms Total: 1 Living Area Source: Appraiser Year Built: 1930 Accessibility Features YN: No New Construction YN: No Garage YN: No Carport YN: No

Location, Tax, and Legal

Country: US Parcel Number: 533841000140 Tax Annual Amount: 3412.96 Tax Year: 2024 Tax Legal Description: S 90 FT OF LOT 14 & LOTS 15 & 16 ROGERS RESUB BLK 1 ROGERS DAYTONA PER OR 2596 PG 0169 & PER OR 3273 PG 1196 PER OR 7357 PG 3046 Zoning Description: Multi Family

Appliances

Other: 1

Cooling

Other: 1

Current Use

Mixed Use: 1 Multi-Family: 1 Office: 1 Residential: 1 Single Family: 1

Heating

Other: 1

Levels

One: 1

Listing Terms

Other: 1

Parking Features

Other: 1

Possession

Other: 1

Showing Requirements

Other: 1

Utilities

Electricity Connected: 1 Water Connected: 1

Water Source

Other: 1

Room Types

Bedroom 1: 1 Bedroom 1 Level: Main Kitchen: 1 Kitchen Level: Main

Location Tax and Legal

Street Number: 124 Street Name: Michigan Street Suffix: Avenue County: Volusia State: FL Postal Code: 32114 MLS Area Major: 99 - Other Subdivision Name: Not In Subdivision

Status Change Information

Major Change Timestamp: 2025-06-11T19:13:46Z Major Change Type: New Listing

Property Features

Levels: One Appliances: Other Utilities: Electricity Connected; Water Connected Cooling: Other Heating: Other Water Source: Other Parking Features: Other Current Use: Mixed Use; Multi-Family; Office; Residential; Single Family Possession: Other Listing Terms: Other Showing Requirements: Other Room Types: Bedroom 1; Kitchen

Room Information

Bedroom 1 Level: Main Length: 13.00 Length: 13.00 Width: 13.00 Width: 13.00 Remarks: Must Verify Kitchen Level: Main Length: 10.00 Length: 10.00 Width: 7.00 Width: 7.00 Remarks: Must Verify
Listing Office: Oceans Luxury Realty Full Service LLC
Last Updated: July - 15 - 2025
Information deemed reliable but not guaranteed.

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