37 S Halifax Ave Immeuble de 5 588 pi² • Spécialité • À vendre 1 301 224 $ CAD • Taux de capitalisation 8% • Daytona Beach, FL 32118

Investment Highlights: 42 S. Peninsula & Adjacent Parcels
Daytona Beach, FL | Zoned RP (Residential/Professional)
This investment offering combines a stabilized, income-producing professional office with a strategic land assemblage for future high-density development in the prime beachside corridor.

Financial & Asset Overview
- Established Income: The main 5,588 SF building is a well-established professional office leased to a long-term accounting firm.
- Growth Structure: Existing lease includes escalation clauses, providing a hedge against inflation and a consistent increase in yield.
- Strong Performance: The primary property currently maintains a high cap rate with stable operating income.
- Strategic Assemblage: The sale includes the main office building plus three neighboring vacant parcels, totaling approximately 0.54 acres ($23,368$ SF).

Location & Connectivity
- Triple Frontage: Exceptional visibility and logistics with frontage on two main arteries—Peninsula Drive and Halifax Avenue—and the side street, Harvey Avenue.
- Market Position: Located in a highly desirable beachside area with high demand for both professional services and residential units.
- Onsite Infrastructure: Property features dedicated onsite parking, a premium commodity in the beachside market.

Development Potential & Zoning Flexibility (RP District)
The property’s RP (Residential/Professional) zoning offers a unique "fallback" or "pivot" strategy, allowing for a variety of uses as defined by the City of Daytona Beach:

Permitted Professional Uses:
- Professional Offices: Legal, engineering, accounting, and business services.
- Medical & Health: Nursing home facilities, assisted living, and hospice residential facilities.
- Education/Care: Child care facilities, adult day care, and private or public schools.

Permitted Residential Uses:
- Multifamily: Ideal for Multifamily Dwellings or Multifamily Complexes.
- Single-Family/Duplex: Detached dwellings and duplexes are permitted by right.

Special Use Opportunities (With Permit):
- Residential Subdivisions: Townhouse or duplex subdivisions.
- Community Services: Museums, libraries, or community centers.

Redevelopment Strategy
The combination of the existing 5,588 SF structure and the three vacant lots provides a developer the footprint necessary for a significant Multifamily Complex or an Assisted Living Facility, both of which are permitted under current RP design standards.