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124 Michigan Avenue, 
Daytona Beach, FL 32114

$1,200,000


1

Bed


1

Bath


1,190

Sq Ft


Single Family

Active

Listed by

Monique Miller

Oceans Luxury Realty Full Service LLC.

386-236-3700

Last updated:

June 11, 2025, 08:38 PM

MLS#

1214446

Source:

FL DBAAR

About This Home

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.

Home Facts

Single Family

1 Bath

1 Bedroom

Built in 1930

Price Summary

1,200,000

$1,008 per Sq. Ft.

MLS #:

1214446

Last Updated:

June 11, 2025, 08:38 PM

Added:

14 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

1

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

1,190 Sq. Ft.


Structure

Structure

Year Built:

1930


Finances & Disclosures

Finances

Price:

$1,200,000

Price per Sq. Ft:

$1,008 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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