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Rare investment opportunity in Daytona's beachside market! This 1920s historic gem at 42 S. Peninsula offers a 5,588 SF main building on a corner lot with frontage on Peninsula, Halifax, and Harvey. Currently an established accounting office, it produces steady operating income with escalation clauses and a strong cap rate. The property features onsite parking and versatile RP (Residential/Professional) zoning, which allows for professional offices , medical uses, or multifamily dwellings. Permitted uses also include duplexes, assisted living , and day care. For developers, the sale includes three neighboring vacant parcels, offering massive long-term redevelopment potential. Whether you want a high-yield professional asset or a strategic site for future healthcare, educational, or residential projects, this property delivers location and performance. Buyer to verify all zoning and use standards with the city.
Features
Age: Over 50 Years Old
Amenities: Disabled Access
Building Units: 1
Cooling System: Zoned
Cooling System: Central Air
Exterior Type: Brick
Exterior Type: Frame
Floor Covering: Wood
Floor Covering: Tile
Floor Covering: Carpet
Floors: 2
Heating System: Zoned
Heating System: Central
Legal Description: E 164.7 FT OF LOT 2 ON MITCHELL ST & 89.4 FT ON W END BLK 3 ASSESSORS DAYTONA BEACH & INC S 55 FT ON PEN DR OF LOT 5 BLK 10 MEMENTO PER OR 4369 PG 4909 PER OR 6245 PG 3935