Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 1.24-acre Beachfront Development Site located in Daytona Beach Shores, Florida. The property contains the Ocean Court, an existing and currently operating independent, 33-room, beachfront motel which can be razed and redeveloped into a new multifamily or hospitality structure (More information on pages 8 through 10). Located directly off Florida State Road A1A, the property is a short drive from the area's major tourist destinations such as world-renowned beaches and the Daytona International Speedway, home of the famous Daytona 500 NASCAR race, an event larger than the Super Bowl. The Beachfront Development Site provides an investor the opportunity to acquire a beachfront property with an attractive multifamily or hospitality redevelopment opportunity in an established market and popular tourist destination.