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Listed price in listed location currency (USD).
$950,000

000

MLS® V4947183

  • Key Facts
  • Description
  • Map

Key Facts

Type Office
Levels Commercial Sale
Size 5588 sqft
Garage No
HOA Fees 
Taxes $6,233
Days Active 9
Approx. Age 1920
Avg. Price Per Sqft $170
MLS® Number V4947183

Property Address: 42 S Peninsula Dr, Daytona Beach, FL, 32118-4442

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® NumberV4947183
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1920
Stories1
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 10, 2026List Date
$950,000List Price
-End Date
Not Sold YetSold Price

For Sale

Feb 10, 2026List Date
$950,000List Price
  • Commute

Commute

Starting Address
Destination Address
42 S Peninsula Dr, Daytona Beach, FL

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