42 S Peninsula Drive, Daytona Beach, FL 32118 (MLS# 1222862)

42 S Peninsula Drive, Daytona Beach, FL 32118

$850,000

Property Type: Commercial Sale Square Footage: 5,588 Lot Size (sq. ft.): 28,314 Status: Closed

Current Price: $850,000 List Date: 2/10/2026 Last Modified: 4/08/2026

Overview

Description

Rare investment opportunity in Daytona's beachside market! This 1920s historic gem at 42 S. Peninsula offers a 5,588 SF main building on a corner lot with frontage on Peninsula, Halifax, and Harvey. Currently an established accounting office, it produces steady operating income with escalation clauses and a strong cap rate. The property features onsite parking and versatile RP (Residential/Professional) zoning, which allows for professional offices , medical uses, or multifamily dwellings. Permitted uses also include duplexes, assisted living , and day care. For developers, the sale includes three neighboring vacant parcels, offering massive long-term redevelopment potential. Whether you want a high-yield professional asset or a strategic site for future healthcare, educational, or residential projects, this property delivers location and performance. Buyer to verify all zoning and use standards with the city.

Listing Details MLS# 1222862

General Property Information

Number Of Units Total: Yes
Building Area Total: 5588
Building Area Source: Public Records
Year Built: 1920
Lot Size Acres: 0.65
Land Lease YN: No
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Stories Total: 2
Senior Community YN: No
Directions: From Main Street south one block on either Peninsula or Halifax. Corner of Halifax, Peninsula, and Harvey. Frontage on the two main roads and the side street.
Public Remarks: Rare investment opportunity in Daytona's beachside market! This 1920s historic gem at 42 S. Peninsula offers a 5,588 SF main building on a corner lot with frontage on Peninsula, Halifax, and Harvey. Currently an established accounting office, it produces steady operating income with escalation clauses and a strong cap rate. The property features onsite parking and versatile RP (Residential/Professional) zoning, which allows for professional offices , medical uses, or multifamily dwellings. Permitted uses also include duplexes, assisted living , and day care. For developers, the sale includes three neighboring vacant parcels, offering massive long-term redevelopment potential. Whether you want a high-yield professional asset or a strategic site for future healthcare, educational, or residential projects, this property delivers location and performance. Buyer to verify all zoning and use standards with the city.
List Price/SqFt: 170.01
Sold Price/SqFt: 152.11

Property Features

Accessibility Features: Accessible Approach with Ramp; Accessible Central Living Area; Accessible Common Area; Accessible Full Bath; Accessible Kitchen; Common Area; Visitor Bathroom Building Features: Computer Wired; Interior Corridors; Kitchen Facilities; Lobby; Outside Storage; Private Restroom; Public Restroom; Reception Area; Storage Business Type: Professional/Office Ceiling Type: Acoustic; Drywall; Height Varies Construction Materials: Brick; Frame Cooling: Central Air; Zoned Current Use: Commercial; Office Existing Lease Type: NNN Flooring: Carpet; Tile; Wood Heating: Central; Zoned Listing Terms: Cash Location: Central Business District Lot Features: Historic Area; Irregular Lot; Many Trees Parking Features: Additional Parking; Attached; Guest; Off Street; Parking Lot Possession: Subject To Tenant Rights Road Frontage Type: City Street Roof: Composition; Shingle; Other Sale Includes: Building & Land Security Features: Secured Lobby Sewer: Public Sewer Tenant Pays: All Utilities Utilities: Cable Connected; Electricity Connected; Sewer Connected; Water Connected Water Source: Public

Contract Information

Listing Contract Date: 2026-02-10
Property Sub Type: Office
Seller Concessions Offered Y/N: No

Location Tax and Legal

Street Number: 42
Street Direction Prefix: S
Street Name: Peninsula
Street Suffix: Drive
County: Volusia
State: FL
Postal Code: 32118
MLS Area Major: 14 - Daytona Peninsula S of Seabreeze

Status Change Information

Major Change Timestamp: 2026-04-08T20:51:16Z
Major Change Type: Status Change
Purchase Contract Date: 2026-03-02
Close Date: 2026-04-08
Close Price: 850000

Building Features

% Air Conditioned or Heated: 100
Building Class: B
Min Parking Space Available: 29
Computer Wired: Yes
Interior Corridors: Yes
Kitchen Facilities: Yes
Lobby: Yes
Outside Storage: Yes
Private Restroom: Yes
Public Restroom: Yes
Reception Area: Yes
Storage: Yes

More Information

Income and Expenses

Net Operating Income: 70000

Unit 1 Details

Unit ID: Yes
Annual Rent: Yes
Unit SqFt: 5588
# Units (This Type): Yes
Furnished: Negotiable
Unit Remarks: Building plus land

Location, Tax, and Legal

Country: US
Parcel Number: 5309-02-03-0022
Tax Annual Amount: 6232.97
Tax Year: 2025
Tax Legal Description: E 164.7 FT OF LOT 2 ON MITCHELL ST & 89.4 FT ON W END BLK 3 ASSESSORS DAYTONA BEACH & INC S 55 FT ON PEN DR OF LOT 5 BLK 10 MEMENTO PER OR 4369 PG 4909 PER OR 6245 PG 3935
Zoning Description: Professional/Office

Currently Not Used

Additional Parcels YN: Yes
Additional Parcels Description: Includes five total parcels including along S. Halifax and Harvey for frontage on three streets.
Year Built: 1920
Accessibility Features YN: Yes

Lock Box Type

Call Listing Office: Yes

Accessibility Features

Accessible Approach with Ramp: Yes
Accessible Central Living Area: Yes
Accessible Common Area: Yes
Accessible Full Bath: Yes
Accessible Kitchen: Yes
Common Area: Yes
Visitor Bathroom: Yes

Construction Materials

Brick: Yes
Frame: Yes

Cooling

Central Air: Yes
Zoned: Yes

Current Use

Commercial: Yes
Office: Yes

Flooring

Carpet: Yes
Tile: Yes
Wood: Yes

Heating

Central: Yes
Zoned: Yes

Listing Terms

Cash: Yes

Lot Features

Historic Area: Yes
Irregular Lot: Yes
Many Trees: Yes

Parking Features

Additional Parking: Yes
Attached: Yes
Guest: Yes
Off Street: Yes
Parking Lot: Yes

Possession

Subject To Tenant Rights: Yes

Road Frontage Type

City Street: Yes

Roof

Composition: Yes
Shingle: Yes
Other: Yes

Security Features

Secured Lobby: Yes

Sewer

Public Sewer: Yes

Tenant Pays

All Utilities: Yes

Utilities

Cable Connected: Yes
Electricity Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Water Source

Public: Yes

Business Type

Professional/Office: Yes

Ceiling Type

Acoustic: Yes
Drywall: Yes
Height Varies: Yes

Existing Lease Type

NNN: Yes

Location

Central Business District: Yes
City: Yes

Sale Includes

Building & Land: Yes

Listing Office: Adams, Cameron & Co., Realtors

Last Updated: April - 08 - 2026

Information deemed reliable but not guaranteed.

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