42 S Peninsula Drive
Daytona Beach, FL 32118

Listed at $950,000

Details

  • MLS# V4947183
  • Commercial - Office
  • Status Pending
  • 0 Bedrooms
  • Bathrooms
  • 5,768 Square Feet
  • 0.400 acres
  • Built in 1920
  • Local Schools

Description

Under contract-accepting backup offers. Exceptional Beachside Investment & Development AssemblageStrategically 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 OpportunityThe centerpiece of this offering...read more 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 ZoningThe 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 markets highest and best use over time.Permitted Uses (per CODB Land Development Code):Office Uses: Professional services offices, business services, contractors 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 PotentialSpecial 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.

Features

  • Refrigerator
  • Central Air, Zoned
  • Carpet
  • Tile
  • Central, Zoned
  • 1.0 Story
  • $6,232 Taxes
  • Public
  • Built in 1920
View All Features

Contact the Agent

John Adams

John Adams

Daytona Beach Office
Contact the Listing Agent
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/08/2026. The listing information on this page last changed on 03/08/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 03/08/2026 12:09:49 AM EST) or Miami MLS (last updated Sat 03/07/2026 11:58:39 PM EST) or Stellar MLS (last updated Sat 03/07/2026 11:58:56 PM EST) or Daytona MLS (last updated Sat 03/07/2026 11:36:56 PM EST) or Tallahassee MLS (last updated Sat 03/07/2026 10:48:02 PM EST) or Northeast Florida MLS (last updated Sat 03/07/2026 11:58:46 PM EST) or My State MLS (last updated Sat 03/07/2026 11:30:21 PM EST) or Florida Keys MLS (last updated Sat 03/07/2026 8:29:20 PM EST). Real estate listings held by brokerage firms other than Adams Cameron & Co. REALTORS may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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All Property Features

  • Property Type: Commercial - Office
  • Accessibility Features: Accessible Approach with Ramp, Accessible Common Area, Accessible Entrance
  • Appliances: Refrigerator
  • Basement: Yes
  • Building: Bathrooms
  • Community Features: Sidewalks
  • Cooling: Central Air, Zoned
  • Days on Site: 25
  • Directions: From Main Street Daytona Beach, head south one block on either Peninsula or Halifax to the property.
  • Exterior: Block, Frame
  • Flood Zone Code: X
  • Flooring: Carpet, Tile
  • Foundation: Basement
  • Heating: Central, Zoned
  • Home Warranty Y/N: No
  • Listing Terms: Cash, Other
  • Lot Description: Central Business District, Corner Lot, Historic District, City Limits, Near Public Transit, Street Lights, Paved
  • Lot Dimensions: 0.4
  • Lot Size: 0.40 Acres
  • Number of Restrooms: 4
  • Ownership: Corporation
  • Parking: Parking Spaces - 19 to 30,Ground Level
  • Parking Notes: Parking Spaces - 19 to 30,Ground Level
  • Property Attached Y/N: No
  • Property Sub-Type: Office
  • Roof Type: Shingle
  • Sale Includes: Building(s) and Land, Leases
  • Sewer: Public Sewer
  • Showing Instructions: Appointment Only, Call Listing Agent, Do Not Contact Tenants, Listing Agent Must Accompany
  • Special Sale Provisions: None
  • Stories: 1.0
  • Taxes: $6,232
  • Utilities: BB/HS Internet Capable, Electricity Available, Phone Available, Public, Sewer Nearby, Telephone Nearby, Underground Utilities, Water Connected
  • Vegetation: Wooded
  • Water: Public
  • Water Access Y/N: No
  • Windows: Blinds, Drapes
  • Year Built: 1920