Daytona Beach, Florida, offers a unique opportunity for investors to capitalize on the city's strong economy and growing tourism industry through commercial real estate investments. With a rich history in motorsports and a reputation as a coastal resort city, Daytona Beach attracts large numbers of tourists each year, making it an ideal location for businesses catering to this demographic. Commercial real estate in Daytona Beach can represent a wide range of investments, from retail and office spaces to hospitality and entertainment venues. The city's amenities, infrastructure, and location make it an attractive option for businesses, with institutions like Bethune–Cookman University, Daytona State College, and Embry–Riddle Aeronautical University providing a skilled workforce. Additionally, the city's geography, with over 23 miles of public beaches and a scenic route along the beach, makes it an ideal location for businesses that cater to tourists. With major transportation hubs like Daytona Beach International Airport and the Greyhound Bus Lines terminal, the city is easily accessible, making it a great place for business and travel.
Currently, there are 116 commercial real estate listings available in Daytona Beach, offering a range of investment opportunities. The average price per square foot for commercial real estate in Daytona Beach is $298 USD, with an average size of 37,387 square feet. The largest commercial real estate listing available is 478,972 square feet. In addition to commercial real estate, Daytona Beach also offers industrial properties, with access to major roads like I-95 and I-4, making it an ideal location for logistics and manufacturing businesses. Apartment buildings are also available, offering investors the opportunity to capitalize on the city's growing rental market. Office properties, including those in the Historic Downtown Daytona Beach area, offer a range of options for businesses looking to establish a presence in the city. Hotels, including those along the beachfront, are also available, catering to the city's tourism industry. With its strong economy, growing tourism industry, and range of investment opportunities, Daytona Beach is an attractive location for commercial real estate investors.
What financing options are available for purchasing commercial real estate?
When it comes to financing options for purchasing commercial real estate in Daytona Beach, there are several alternatives to consider, including:
- Traditional commercial mortgages offered by banks and credit unions, which typically require a 20-30% down payment and offer fixed or adjustable interest rates;
- Small Business Administration (SBA) loans, which provide more favorable terms, such as lower down payments and longer repayment periods, for qualified small businesses;
- Private money lenders and hard money loans, which offer shorter-term, higher-interest financing options for investors and developers.
With 116 available listings of commercial real estate in Daytona Beach, understanding the various financing options can help you make an informed decision when purchasing a property that meets your business needs.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Daytona Beach, understanding cap rates is crucial. The average cap rate in Daytona Beach is 7.89%, which can help investors determine the potential return on investment for a property, making it an essential factor in their purchasing decisions - to learn more about this, check out our article on what is a cap rate.
With 116 available listings of commercial real estate in Daytona Beach, investors have a range of options to choose from, and considering the cap rate can help them make an informed decision. By evaluating the cap rate, investors can assess the property's potential income generation and compare it to other investment opportunities, ultimately helping them make a more informed purchase decision.
What is considered a commercial property?
In Daytona Beach, a commercial property is typically defined as a building or land used for business or commercial purposes, such as office spaces, retail stores, restaurants, warehouses, or hotels, which can be found among the 116 available listings of commercial real estate in the area.
These properties can range in size from 37,387 square feet to 478,972 square feet, with an average price per square foot of $298 USD and an average cap rate of 7.89%, making them attractive options for investors and businesses looking to establish a presence in this coastal resort city.
