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  • MLS#: 1214423 ( Residential )
  • Street Address: 116 Michigan Avenue
  • Viewed: 209
  • Price: $1,200,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1920
  • Bldg sqft: 0
  • Bedrooms: 1
  • Total Baths: 2
  • Full Baths: 2
  • Garage / Parking Spaces: 1
  • Days On Market: 226
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116 Michigan Avenue
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PRICED AT ONLY: $1,200,000

Address: 116 Michigan Avenue, Daytona Beach, FL 32114

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Description
Property address: 116, 120, 124, 128 michigan avenue & 440 n. Beach street, daytona beach, fl 32114 number of parcels: 3 total 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: mixed use commercial and residential multifamily: parcels designated as 0804 and 0806 allow for 4 6 units per lot (rdm 6 or rdm 10) potential uses: 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. The assemblage has the potential to attract public incentives tied to daytona beach's downtown/beachside redevelopment initiatives. Location & accessibility promixity 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 the 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.
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Features
Building and Construction
  • Exterior Features: Balcony, Lighting
  • Flooring: Tile, Other
Garage and Parking
  • Parking Features: Assigned, Attached, Attached Garage, Garage, Under Building
Utilities
  • Cooling: Central Air
  • Heating: Central
  • Pets Allowed: Yes
  • Road Frontage Type: East of US-1
Amenities
  • Association Amenities: Maintenance, Pool, Cabana, Community Room, Lobby, Parking, Other
Finance and Tax Information
  • Home Owners Association Fee Includes: Pool Service, Common Areas, Insurance, Maintenance Grounds, Maintenance Structure, Sewer, Trash, Water
  • Home Owners Association Fee: 720
  • Tax Year: 2012
Other Features
  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Gas Range, Microwave, Oven, Refrigerator, Washer, Water Heater, Water Purifier, Water Softener
  • Furnished: Unfurnished
  • Interior Features: Bedroom Layout - Split, Elevator, Entrance Foyer, Pantry, Walk-In Closet(s)
  • Legal Description: WAVERLY AT LAS OLAS CONDO UNIT 1002
  • Parcel Number: 504202AR1700
  • Unit Number: 1002
  • Views: 209
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