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South Daytona, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in South Daytona, Florida Market population: 13K. Browse multifamily, office, retail, industrial, and mixed-use investment...

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⭐ Featured

Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000
Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %
NOI $0
Size 30,000 SF

πŸ“Š Avg Property Tax Rate For South Daytona FL Properties: 1.0400%

πŸ“Š Average Income For South Daytona FL Commercial Property: $43,419

Investor Questions For South Daytona FL

Common questions from investors exploring commercial real estate in South Daytona FL.

What's the overall investment potential of South Daytona, FL, considering its demographics and economy? +
With a median household income of $43,419 and a poverty rate of 14.9%, South Daytona presents a mixed bag for investors, but its strong health insurance coverage of 91.4% and relatively low average commute time of 24.4 minutes suggest a stable workforce, which can be attractive for rental investments, especially given the top industries in Health Care & Social Assistance, Retail Trade, and Accommodation & Food Services.
How does the ethnic diversity and foreign-born population impact the real estate market in South Daytona? +
The city's diverse population, with 83.2% White, 8.5% Black or African American, and 2.3% Asian, combined with a 7.2% foreign-born rate, indicates a potentially vibrant cultural scene, which can support demand for housing and rentals, particularly in areas with strong public transit, as 84.2% of commuters drive alone and 8.2% carpool, suggesting room for development in more diverse and inclusive community projects.
What are the implications of the median property value and taxes for real estate investors in South Daytona? +
The median property value of $143,400 and median property taxes of $2,044 suggest a relatively affordable market for investors, especially when considering the 73.2% homeownership rate, which leaves 26.8% of the population renting, providing a potential rental income stream, and with 91.4% health insurance coverage, tenants are likely to have stable employment, reducing default risks.
How does the income inequality and poverty rate affect the quality of tenants and property values in South Daytona? +
The GINI coefficient of 0.474 indicates moderate income inequality, and when combined with a 14.9% poverty rate, it suggests that while there are challenges, the overall impact on property values can be managed, especially considering the strong employment numbers in Health Care & Social Assistance, Retail Trade, and Accommodation & Food Services, which can support a stable tenant base, and the average commute time of 24.4 minutes further indicates a functional and accessible city for workers.
What role does the commute time and health insurance coverage play in assessing market stability for real estate investments in South Daytona? +
The 24.4-minute average commute time and the high health insurance coverage rate of 91.4% are positive indicators of market stability, as they suggest a population with access to employment opportunities and healthcare, reducing the risk of tenant default and property devaluation, and when combined with the top industries and ethnic diversity, they paint a picture of a resilient market that can support a variety of real estate investment strategies, from rental properties to redevelopment projects.

South Daytona FL Real Estate & City Facts

Key facts and real estate information about South Daytona FL.

What are some of the best neighborhoods to live in South Daytona? +
Some of the best neighborhoods to live in South Daytona include the central parts of the city, which tend to be more desired, and the southwest regions, which offer more affordable homes. According to Nextdoor, South Daytona is a peaceful and family-friendly neighborhood. Additionally, Port Orange and Ormond by the sea are also recommended for their safety and quiet ambiance.
What are some fun things to do in South Daytona? +
There are plenty of fun things to do in South Daytona, including visiting Reed Canal Park, the Living Legends of Auto Racing Museum of Racing History, and the Daytona Ice Arena. You can also go for scenic drives, rent bicycles, explore historic sites, and experience the thrills of the Boardwalk & Pier. For outdoor adventure, you can try surfing, parasailing, kayaking, paddle boarding, and more along the 23 miles of Atlantic Ocean beaches.
What is the food scene like in South Daytona? +
The food scene in South Daytona is diverse and offers a range of options, including waterfront dining, seafood, and fresh local fare. Some top-rated restaurants in the area include Farm Social, NY Korean BBQ & Chicken, Leanh's Chinese Restaurant, and Martini's Organic. You can also find great seafood at Crabby's Oceanside, Caribbean Jack's Restaurant and Bar, and Blue Flame.
What are the pros and cons of living in South Daytona? +
The pros of living in South Daytona include its peaceful and family-friendly atmosphere, safe neighborhoods, and plenty of outdoor recreational activities. However, some cons include the potential for traffic and crowds during peak tourist season, and a limited number of job opportunities in certain industries. Additionally, the city's poverty rate is around 14.9%, which may be a challenge for some residents.
Is South Daytona a good place to live? +
Overall, South Daytona can be a great place to live for those who value a peaceful and family-friendly atmosphere, outdoor recreation, and a relatively low cost of living. While it may have some challenges, such as traffic and limited job opportunities, the city's pros outweigh its cons for many residents. With its beautiful beaches, scenic parks, and diverse food scene, South Daytona is definitely worth considering for those looking to relocate to the area.
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