About 124 Michigan Avenue
PROPERTY ADDRESS: 116, 120, 124, 128 Michigan Avenue & 440 N. Beach Street, Daytona Beach, FL 32114 NUMBER OF PARCELS: 3 TOTAL LOT 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:
Residential Multifamily: Parcels designated as 0804 and 0806 allow for 4 - 6 units per lot (RDM-6 or RDM-10).
Mixed-Use Commercial
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
Potential to attract public incentives tied to Daytona Beach's downtown/beachside redevelopment initiatives.
LOCATION & ACCESSIBILITY
Proximity 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 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.
