3162 S Atlantic Avenue 10, Daytona Beach, FL 32118 (MLS# 1207634)

3162 S Atlantic Avenue 10, Daytona Beach, FL 32118

$1,750,000

Property Type: Commercial Sale Square Footage: 6,594 Lot Size (sq. ft.): 27,391 Status: Closed

Current Price: $1,750,000 List Date: 1/09/2025 Last Modified: 10/05/2025

Overview

Description

**Prime Restaurant Opportunity in Daytona Beach Shores** Unlock the potential of this exceptional restaurant space available for lease in the vibrant heart of Daytona Beach Shores, FL. Spanning an impressive 6,594 square feet with a remarkable 297 feet of frontage along A1A, this location boasts an Annual Average Daily Traffic count of 11,500, ensuring maximum visibility and foot traffic for your culinary venture. Nestled within a newly renovated retail plaza, this premier space is surrounded by established businesses including Oceans Luxury Realty and Mikes Galley Diner, creating a bustling atmosphere that draws locals and tourists alike. The property features a stand-alone monument sign to enhance your brand's visibility and provide easy access for patrons. The restaurant is 90% built-out, equipped with all necessary infrastructure including existing restaurant equipment, hoods, walk-in coolers, and walk-in freezers, allowing for a seamless transition to your new concept.

Supplements: Previously operating as a Red Lobster, the layout is designed for optimal efficiency and customer flow. With ample parking available, your guests will enjoy convenience while dining in a prime location that captures the essence of the Daytona Beach lifestyle. This opportunity is perfect for investors looking to capitalize on a thriving market or r ... (Read more)

Listing Details MLS# 1207634

General Property Information

Number Of Units Total: 2
Building Area Total: 6594
Building Area Source: Appraiser
Year Built: 1986
Lot Size Acres: 0.6288
Association YN: Yes
Association Fee: 8252.9
Association Fee Frequency: Quarterly
Water Body Access YN: No
Waterfront YN: No
Stories Total: Yes
Directions: From Dunlawton Blvd take Atlantic Ave South to 3162 S Atlantic Ave.
Public Remarks: **Prime Restaurant Opportunity in Daytona Beach Shores** Unlock the potential of this exceptional restaurant space available for lease in the vibrant heart of Daytona Beach Shores, FL. Spanning an impressive 6,594 square feet with a remarkable 297 feet of frontage along A1A, this location boasts an Annual Average Daily Traffic count of 11,500, ensuring maximum visibility and foot traffic for your culinary venture. Nestled within a newly renovated retail plaza, this premier space is surrounded by established businesses including Oceans Luxury Realty and Mikes Galley Diner, creating a bustling atmosphere that draws locals and tourists alike. The property features a stand-alone monument sign to enhance your brand's visibility and provide easy access for patrons. The restaurant is 90% built-out, equipped with all necessary infrastructure including existing restaurant equipment, hoods, walk-in coolers, and walk-in freezers, allowing for a seamless transition to your new concept.
List Price/SqFt: 408.7
Sold Price/SqFt: 265.39

Property Features

Association Amenities: Maintenance Grounds; Maintenance Structure Building Features: Fenced; Interior Corridors; Kitchen Facilities; Loading Dock; Meeting Room; Private Restroom; Rear Access; Restaurant Business Type: Bakery; Bar/Tavern/Lounge; Candy/Cookie; Commercial; Doughnut; Food & Beverage; Franchise; Hospitality; Ice Cream/Frozen Yogurt; Liquor Store; Restaurant; Retail Ceiling Type: Acoustic Construction Materials: Block; Concrete; Stucco Cooling: Central Air Current Use: Commercial; Retail; Other Electric: 200+ Amp Service Fencing: Privacy; Vinyl Flooring: Carpet; Tile Heating: Central; Electric Listing Terms: Cash; Conventional; Lease Option; Owner May Carry; Private Financing Available Location: Beach Area; Shopping Center Lock Box Type: None Lot Features: Corner Lot; Easement Access Parking Features: Additional Parking; Parking Lot; Shared Driveway Possession: Close Of Escrow Road Frontage Type: City Street; State Road Roof: Membrane Sale Includes: Building & Land; Furniture, Fixtures and Equipment Security Features: Carbon Monoxide Detector(s); Fire Alarm; Fire Sprinkler System; Firewall(s); Smoke Detector(s) Sewer: Public Sewer Utilities: Cable Available; Electricity Connected; Natural Gas Available; Sewer Connected; Water Available Water Source: Public

Contract Information

Listing Contract Date: 2025-01-09
Property Sub Type: Retail

Location Tax and Legal

Street Number: 3162
Street Direction Prefix: S
Street Name: Atlantic
Street Suffix: Avenue
County: Volusia
State: FL
Postal Code: 32118
Subdivision Name: Surfside Square
MLS Area Major: 13 - Beachside, N of Dunlawton & S Silver

Status Change Information

Major Change Timestamp: 2025-10-05T14:49:38Z
Major Change Type: Status Change
Purchase Contract Date: 2025-07-18
Close Date: 2025-10-03
Close Price: 1750000

Building Features

Seating Capacity: 273
Fenced: Yes
Interior Corridors: Yes
Kitchen Facilities: Yes
Loading Dock: Yes
Meeting Room: Yes
Private Restroom: Yes
Rear Access: Yes
Restaurant: Yes

More Information

Income and Expenses

Net Operating Income: 160110

Unit 1 Details

Unit ID: 10
Annual Rent: 160110
Unit SqFt: 5064
# Units (This Type): Yes
Furnished: Furnished
Unit Remarks: Fully equipped restaurant/bar

Unit 2 Details

Unit ID: 20
Unit SqFt: 1530
# Units (This Type): Yes
Furnished: Furnished
Unit Remarks: Unit 2 is integrated into Unit 1
Annual Rent: 0

Location, Tax, and Legal

Country: US
Parcel Number: 5334-16-00-0010
Tax Annual Amount: 12840
Tax Year: 2024
Tax Legal Description: UNIT 1 SURFSIDE SQUARE CONDO PER OR 2772 PG 0728 PER OR 2774 PG 0296 PER OR 6249 PGS 1803-1804 PER OR 7017 PG 4875 PER OR 7083 PG 0799 PER OR 7200 PG 3745

Currently Not Used

Unit Number: 10
Additional Parcels YN: Yes
Additional Parcels Description: 533416000020
Year Built: 1986
Accessibility Features YN: Yes
Building Name: Surfside Square

Lock Box Type

None: Yes

Association Amenities

Maintenance Grounds: Yes
Maintenance Structure: Yes

Construction Materials

Block: Yes
Concrete: Yes
Stucco: Yes

Cooling

Central Air: Yes
Electric: Yes

Current Use

Commercial: Yes
Retail: Yes
Other: Yes

Electric

200+ Amp Service: Yes

Fencing

Privacy: Yes
Vinyl: Yes

Flooring

Carpet: Yes
Tile: Yes

Heating

Central: Yes
Electric: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Lease Option: Yes
Owner May Carry: Yes
Private Financing Available: Yes

Lot Features

Corner Lot: Yes
Easement Access: Yes

Parking Features

Additional Parking: Yes
Parking Lot: Yes
Shared Driveway: Yes

Possession

Close Of Escrow: Yes

Road Frontage Type

City Street: Yes
State Road: Yes

Roof

Membrane: Yes

Security Features

Carbon Monoxide Detector(s): Yes
Fire Alarm: Yes
Fire Sprinkler System: Yes
Firewall(s): Yes
Smoke Detector(s): Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes
Electricity Connected: Yes
Natural Gas Available: Yes
Sewer Connected: Yes
Water Available: Yes

Water Source

Public: Yes

Business Type

Bakery: Yes
Bar/Tavern/Lounge: Yes
Candy/Cookie: Yes
Commercial: Yes
Doughnut: Yes
Food & Beverage: Yes
Franchise: Yes
Hospitality: Yes
Ice Cream/Frozen Yogurt: Yes
Liquor Store: Yes
Restaurant: Yes
Retail: Yes

Ceiling Type

Acoustic: Yes

Location

Beach Area: Yes
City: Yes
Shopping Center: Yes

Sale Includes

Building & Land: Yes
Furniture, Fixtures and Equipment: Yes

Listing Office: Oceans Luxury Realty Full Service LLC

Last Updated: October - 05 - 2025

Information deemed reliable but not guaranteed.

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