Address
624 N Wild Olive AVENUE, DAYTONA BEACH, FL
Price
$ 685,000
Property Attributes
- MLS#O6146139
- TypeCommercial
- CountyVOLUSIA
- CityDAYTONA BEACH
- AreaDaytona Beach-Holly Hill
- NeighborhoodEast Daytona
- Zip32118
- StyleMixed Use
- Year Built1924
- Taxes$ 5539
- Price$ 685,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2672
- Lot Size11,326 SqFt
Data Source:
Stellar MLS
Property Description
One or more photo(s) has been virtually staged. **JUST REDUCED** Own a piece of history a mere 2 blocks away from the World’s Most Famous Beach! This classic beauty just turned 100 years old and sits between the beach and the Intracoastal Waterway. Located in heart of the active Seabreeze District, which saw the majority portion of the 10.6 million visitors and tourists to the area in 2022. The building has 7 spacious rooms and 1/2 bath on 1st floor and 4 rooms with 2 full baths on 2nd floor and large storage/utility closet approx. 9.5’ X 7.5’. Plenty of parking on the lot which sits on just over a 1/4 acre. New interior and exterior 200-amp electrical service was completed in 2022. Land use designation is BR1, Business/Retail, allowing for a plethora of permitted uses ranging from visitor accommodations Hotel/Motel, Retail with permitted apartment above, Marine Sales & Services, Offices, Craft Brewery or Winery, Restaurant and Bank or Financial Institution to name a few. Please see attachment for a list of all permitted uses. Downtown Daytona is going through a rapid metamorphosis, regrowth and redevelopment. New safety strategies have been put into place in the area. A police sub-station opened 9/1/23 behind the property on Grandview Avenue. The city has approved and started implementing a 3.5-million-dollar budget to add new cameras and lighting in the Seabreeze District which is estimated to be completed by mid-February. Many exciting new current and upcoming developments for the area are: Daytona Gateway Marina boasts 2 Hi-Rise buildings standing over 400 ft. tall boasting 550 luxury residences, 300 room boutique hotel, restaurants and retail space. There will be 138 wet boat slips that can accommodate vessels up to 120’ in length and dry stack storage for 250 additional boats. Amazon is now hiring for its new 5 story, 2.8 million sq ft Robotics Fulfillment Center and is expected to provide an addition 1,000 jobs to the area. Tiki Supreme Commerce Park will be breaking ground soon for its 15-acre spec development, offering 85,000 sq ft of space. Daytona Entrada will also be breaking ground in 2024. The 121-acre mixed use center includes 208 rent-to-own Townhomes, 359 apartments and 115,000 sq ft of commercial space. The City of Daytona Beach is in the process of repairing all 12 beach access points damaged from the last few storms and estimated completion is end of 2024. The amount of current and upcoming developments, projects, businesses & jobs is indicative of the growth and revitalization that will propel and restore Historic Downtown Daytona to its former glory and truly earn the right to be called The World’s Most Famous Beach! Don’t let this opportunity get away, Make your offer today!
| Price History | |
|---|---|
| 10/2/2023 | Listed $699,999 |
| 3/8/2024 | 3% - $685,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central |
| Cooling | Central Air |
| Utilities | Electricity Available,Public,Sewer Nearby,Water Connected |
| Roof | Tile |
| Zoning | BR1 |
| Construction Materials | Wood Frame |
| Year Built | 1924 |
| Electric | 200+ Amp Service |
| Levels | Two |
| Property SubType | Mixed Use |
| Tax Year | 2022 |
| Percent Ownership | Partnership |
| Accessibility | Accessible Entrance |
| County | Volusia |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | EAST DAYTONA |
| Facing Direction | Southwest |
| Status | Active |
| Directions | Seabreeze Bridge left on N Wild Olive Ave 2 blocks property on right |
| City | DAYTONA BEACH |
| Buyer Agent Compensation | 2.5%-$350 |
| MLS Area | 32118 - Daytona Beach/Holly Hill |
| Lot Size Square Feet | 11200 |
| Waterfront Y/N | No |
| Street Name | Wild Olive |
| Listing Terms | Cash,Conventional,Other |
| Tax Annual Amount | 5539.45 |
| Property Condition | Completed |
| Public Remarks | One or more photo(s) has been virtually staged. **JUST REDUCED** Own a piece of history a mere 2 blocks away from the Worlds Most Famous Beach! This classic beauty just turned 100 years old and sits |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/O6146139 |
| Days on Market | 158 |
| Standard Status | Active |
| Tax Lot | 4 |
| Legal Description | W 10 FT OF LOT 4 & LOT 13 BLK 35 EAST DAYTONA MB 2 PG 106 PER OR 4898 PG 0073 PER OR 5716 PG 0620 PER OR 6100 PG 4984 PER OR 7770 PG 2876 |
| Water Access Y/N | No |
| Water View Y/N | No |
Interior Features
| Flooring | Carpet,Tile |
|---|---|
| Total Stories | 2 |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Street Suffix | AVENUE |
| LivingAreaSource | Public Records |
| Living Area Units | Square Feet |
Exterior Features
| Parking Features | 6 to 12 Spaces |
|---|---|
| Lot Features | Historic District |
| Water Source | Public |
| Lot Size Area | 11200 |
| Foundation Details | Crawlspace |
| Number of Buildings | 1 |
| Building Area Total | 3004 |
| Lot Dimensions | 70 x 160 |
| Lot Size Acres | 0.26 |
| Road Surface Type | Paved |
| Lot Size Units | Square Feet |
| Road Frontage Type | Other |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 32118
Price
Taxes
Visits
Year Built
Walkscore
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on May 17, 2024 6:21 PM UTC
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© 2024 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
