42 S PENINSULA DRIVE, Daytona Beach, FL, 32118 | $950,000

Under contract-accepting backup offers. Exceptional Beachside Investment & Development Assemblage
Strategically located in the heart of the Daytona Beachside market, 42 S. Peninsula offers a premier opportunity for investors and developers alike. This historic property, built in 1920, combines the charm of a well-maintained professional building with the high-yield stability of an established tenancy. Situated on a prominent corner, the site features rare triple-street frontage on Peninsula Drive, Halifax Avenue, and the side street, Harvey Avenue, ensuring maximum visibility and ease of access.

The Opportunity
The centerpiece of this offering is a 5, 588 SF professional office building that has served as a cornerstone accounting firm for decades. The property is currently leased to a professional tenant, providing immediate operating income with built-in escalation clauses to hedge against inflation and ensure a strong, growing cap rate.

Beyond the existing income, this sale includes three neighboring vacant parcels, creating a significant footprint for future expansion or total site redevelopment. Whether you are looking for a high-performing professional asset or a strategic long-term development play, this assemblage offers a unique "buy and hold" scenario with massive upside potential.

Versatile RP Zoning
The property is zoned RP (Residential/Professional) , a flexible designation by the City of Daytona Beach designed to bridge the gap between high-end residential and professional business uses. This zoning opens the door to a wide variety of permitted uses, allowing the property to adapt to the market’s highest and best use over time.

Permitted Uses (per CODB Land Development Code):
Office Uses: Professional services offices, business services, contractor’s offices, and other office facilities.
Household Living: Single-family detached dwellings, duplexes, multifamily dwellings, and multifamily complexes.
Group Living: Assisted living facilities, community residential homes, and hospice residential facilities.
Education & Day Care: Adult day care centers, child care facilities , public/private schools, and colleges or universities.
Health Care: Nursing home facilities.
Institutional: Places of worship, clubs or lodges (not operated as bars/nightclubs), and shelters for victims of domestic abuse.
Open Space: Community gardens, parks, or greenways.
Future Development Potential
Special Use, the property may also be eligible for townhouse subdivisions, duplex subdivisions, fraternity/sorority houses, or community centers.

The location is ideal for professionals seeking a spacious, comfortable office in a central market, or for developers looking to capitalize on the demand for beachside residential or medical facilities. Ample onsite parking is already in place to support current and future operations.

Features