Historic Gas-Pump Retail
208 Magnolia Street New Smyrna Beach, FL 32168
208 Magnolia Street, New Smyrna Beach, FL, 32168
$1,299,000
For Sale
$1,299,000
COMMERCIAL - New Smyrna Beach, FL
Property Size3,196 SF
Lot Size0.22 Acres
Price / SF$406.45
Days on Market520
Property Features for 208 Magnolia Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Parking features
- Secured
- Standard status
- Active
- APN
- 7441-38-09-0930
- Size
- 3,196 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- S 15 FT OF LOT 92 & LOT 93 BLK 9 ANDREWS NEW SMYRNA MB 2 PG 68 PER OR 4063 PG 1491 PER OR 5883 PGS 4
- Tax Annual Amount
- 11107
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1934
- Building materials
- Brick, Stucco
- Roof type
- Metal
Listing Agency
Engel & Voelkers New Smyrna Beach
(386) 213-6899
101 Canal Street, New Smyrna Beach, FL
Listed by
Amy Almester · License #3244893
(386) 314-4732
Added: Feb 13, 2025 Checked: Jul 18 at 5:06 am
MLS# 1209423
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1934 historic property at 208 Magnolia Street offers a distinctive retail/restaurant-ready configuration with preserved vintage elements, including three old-fashioned gas pumps and metal canopied work areas. The building also includes two bathrooms with showers, providing convenient on-site facilities for staff and patrons.
The property is positioned just a block off Canal Street and steps from Riverside Park, placing it close to both pedestrian activity and area events. The Hub on Canal is also nearby, adding to the walkable, community-oriented setting. Additionally, the on-site gas tanks were removed in 2006, contributing to a safer, more modern operating environment while retaining the building’s character.
With MU zoning, the space is designed to support a range of uses for prospective owners and operators who value a historic, street-level presence. Whether you are looking to open a restaurant, bar concept, or other neighborhood retail use, the combination of vintage storefront appeal, functional restrooms with showers, and flexible zoning can support a variety of business plans. Buyer and their agents should verify any information deemed important to them.
The property is positioned just a block off Canal Street and steps from Riverside Park, placing it close to both pedestrian activity and area events. The Hub on Canal is also nearby, adding to the walkable, community-oriented setting. Additionally, the on-site gas tanks were removed in 2006, contributing to a safer, more modern operating environment while retaining the building’s character.
With MU zoning, the space is designed to support a range of uses for prospective owners and operators who value a historic, street-level presence. Whether you are looking to open a restaurant, bar concept, or other neighborhood retail use, the combination of vintage storefront appeal, functional restrooms with showers, and flexible zoning can support a variety of business plans. Buyer and their agents should verify any information deemed important to them.
Key Highlights
- 1934 historic building with Brick and Stucco construction and a metal roof
- Two bathrooms with showers (Bathroom 1 and Bathroom 2)
- Central air cooling and public water with public sewer
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.2k | $21.96 |
| − Vacancy | −$5.5k | −$1.71 |
| EGI | $64.7k | $20.25 |
| − OpEx | −$16.2k | −$5.06 |
| NOI | $48.5k | $15.19 |
3,196 SF · lease $21.96/SF/yr · vacancy 7.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$693.3K
$606.7K – $808.9K
NOI $48,532 @ 7.0% cap · market cap 3.74%
Second Best
Retail
$430.0K
$376.3K – $501.7K
NOI $30,102 @ 7.0% cap · market cap 2.32%
Theoretical Best
Office A
$942.4K
$824.6K – $1.10M
NOI $65,965 @ 7.0% cap · market cap 5.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
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- The Grand 721 Wedding Venue — 721 Palmetto St, New Smyrna Beach, FL 32168
FAQs
What type of property is this?
Storefront property - 1934 historic building with vintage gas pumps, two shower bathrooms, and MU zoning for flexible retail use.
Where is this storefront property located?
The property is located at 208 Magnolia Street New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 1934 historic building with Brick and Stucco construction and a metal roof; Two bathrooms with showers (Bathroom 1 and Bathroom 2); Central air cooling and public water with public sewer
