DAYTONA BEACH, FL 32118 624 N Wild Olive AVENUE

One or more photo(s) has been virtually staged. **JUST REDUCED** Own a piece of history a mere 2 blocks away from the World’s Most Famous Beach! This classic beauty just turned 100 years old and sits between the beach and the Intracoastal Waterway. Located in heart of the active Seabreeze District, which saw the majority portion of the 10.6 million visitors and tourists to the area in 2022. The building has 7 spacious rooms and 1/2 bath on 1st floor and 4 rooms with 2 full baths on 2nd floor and large storage/utility closet approx. 9.5’ X 7.5’. Plenty of parking on the lot which sits on just over a 1/4 acre. New interior and exterior 200-amp electrical service was completed in 2022. Land use designation is BR1, Business/Retail, allowing for a plethora of permitted uses ranging from visitor accommodations Hotel/Motel, Retail with permitted apartment above, Marine Sales & Services, Offices, Craft Brewery or Winery, Restaurant and Bank or Financial Institution to name a few. Please see attachment for a list of all permitted uses. Downtown Daytona is going through a rapid metamorphosis, regrowth and redevelopment. New safety strategies have been put into place in the area. A police sub-station opened 9/1/23 behind the property on Grandview Avenue. The city has approved and started implementing a 3.5-million-dollar budget to add new cameras and lighting in the Seabreeze District which is estimated to be completed by mid-February. Many exciting new current and upcoming developments for the area are: Daytona Gateway Marina boasts 2 Hi-Rise buildings standing over 400 ft. tall boasting 550 luxury residences, 300 room boutique hotel, restaurants and retail space. There will be 138 wet boat slips that can accommodate vessels up to 120’ in length and dry stack storage for 250 additional boats. Amazon is now hiring for its new 5 story, 2.8 million sq ft Robotics Fulfillment Center and is expected to provide an addition 1,000 jobs to the area. Tiki Supreme Commerce Park will be breaking ground soon for its 15-acre spec development, offering 85,000 sq ft of space. Daytona Entrada will also be breaking ground in 2024. The 121-acre mixed use center includes 208 rent-to-own Townhomes, 359 apartments and 115,000 sq ft of commercial space. The City of Daytona Beach is in the process of repairing all 12 beach access points damaged from the last few storms and estimated completion is end of 2024. The amount of current and upcoming developments, projects, businesses & jobs is indicative of the growth and revitalization that will propel and restore Historic Downtown Daytona to its former glory and truly earn the right to be called The World’s Most Famous Beach! Don’t let this opportunity get away, Make your offer today!