About 116 Michigan Avenue
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.
