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116 Michigan Avenue, 
Daytona Beach, FL 32114

$1,200,000


1

Bed


2

Baths


1,254

Sq Ft


Single Family

Active

Listed by

Monique Miller

Oceans Luxury Realty Full Service LLC.

386-236-3700

Last updated:

June 11, 2025, 06:40 PM

MLS#

1214423

Source:

FL DBAAR

About This Home

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.

Home Facts

Single Family

2 Baths

1 Bedroom

Built in 1920

Price Summary

1,200,000

$956 per Sq. Ft.

MLS #:

1214423

Last Updated:

June 11, 2025, 06:40 PM

Added:

14 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

1

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

1,254 Sq. Ft.


Structure

Structure

Architectural Style:

Ranch

Year Built:

1920


Finances & Disclosures

Finances

Price:

$1,200,000

Price per Sq. Ft:

$956 per Sq. Ft.

Source:FL DBAAR
The information being provided by Daytona Beach Area Association of REALTORS¿¿ Multiple Listing Services is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Daytona Beach Area Association of REALTORS¿¿ Multiple Listing Services All rights reserved.

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