Mixed-Use Retail and
307 FLAGLER AVENUE New Smyrna Beach, FL 32169
307 FLAGLER AVENUE, New Smyrna Beach, FL, 32169
$1,575,000
For Sale
$1,575,000
Business - NEW SMYRNA BEACH, FL
Property Size2,990 SF
Lot Size0.01 Acres
Price / SF$526.76
Days on Market312
Property Features for 307 FLAGLER AVENUE
General Information
- Property type
- Commercial Sale
- Property subtype
- Business
- Zoning
- MU
- Standard status
- Active
- APN
- 745526000030
- Size
- 2,990 SF
- Lot size
- 0.01 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 1447.59
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 2002
- Building materials
- Block
- Architectural style
- Other
Listing Agency
ROSE PROPERTY MANAGEMENT INC
(407) 442-0291
4700 Millenia Blvd #175, ORLANDO, FL, FL
Listed by
Roxanne Rose · License #3249905
(407) 701-8959
Added: Sep 9, 2025 Checked: Jul 17 at 9:06 am
MLS# O6340009
Listing URL
Copyright © 2026 Stellar MLS. 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 mixed-use, five-parcel property includes ground-floor retail and restaurant spaces plus a residential unit above. The retail portion has frontage on Flagler Avenue and previously operated for 19 years as an upscale gift store. The restaurant side features a 920-square-foot space with a cozy six-stool bar, several tables, a kitchen with gas appliances, and a fire suppression hood system, along with an adjacent 443-square-foot restaurant space used for special events and storage. Covered outdoor seating totals 900 square feet in a courtyard under an existing lease from the Cloisters Condo Owners Assn. A three-bedroom, three-bath condo sits on the second floor above the retail, with an open floor plan and an air-conditioned one-car garage.
The property is located at 307 Flagler Avenue in New Smyrna Beach, on busy historic Flagler Avenue. The area is described as a walkable beachside corridor lined with shops, restaurants, and three quaint hotels.
The combined commercial spaces include 16 allocated parking spaces that could be used to help satisfy City of New Smyrna Beach parking requirements for a 96-seat restaurant. With retail and restaurant operations already supported by prior package wine and beer licensing and restaurant wine and beer service history, the configuration is especially practical for buyers looking for an integrated owner or manager presence with on-site housing and dedicated dining, bar, kitchen, and outdoor seating components. Zoning is MU.
The property is located at 307 Flagler Avenue in New Smyrna Beach, on busy historic Flagler Avenue. The area is described as a walkable beachside corridor lined with shops, restaurants, and three quaint hotels.
The combined commercial spaces include 16 allocated parking spaces that could be used to help satisfy City of New Smyrna Beach parking requirements for a 96-seat restaurant. With retail and restaurant operations already supported by prior package wine and beer licensing and restaurant wine and beer service history, the configuration is especially practical for buyers looking for an integrated owner or manager presence with on-site housing and dedicated dining, bar, kitchen, and outdoor seating components. Zoning is MU.
Key Highlights
- 5‑parcel commercial property on busy Flagler Avenue in beachside New Smyrna Beach with walkable access to a visited Florida beach
- Retail space: 1,170 SF with Flagler Avenue frontage; operated as an upscale gift store for 19 years
- Restaurant spaces include 920 SF and 443 SF; 920 SF features a 6‑stool bar, 3‑4 tables, and a kitchen with gas appliances and a fire suppression hood system
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 | $65.7k | $21.96 |
| − Vacancy | −$5.1k | −$1.71 |
| EGI | $60.5k | $20.25 |
| − OpEx | −$15.1k | −$5.06 |
| NOI | $45.4k | $15.19 |
2,990 SF · lease $21.96/SF/yr · vacancy 7.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$648.6K
$567.6K – $756.7K
NOI $45,404 @ 7.0% cap · market cap 2.88%
Second Best
Retail
$402.3K
$352.0K – $469.4K
NOI $28,161 @ 7.0% cap · market cap 1.79%
Theoretical Best
Office A
$881.6K
$771.4K – $1.03M
NOI $61,714 @ 7.0% cap · market cap 3.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Multi-parcel retail and restaurant setup with courtyard seating and an upstairs condo, suited for an owner-operator model.
Where is this retail space located?
The property is located at 307 FLAGLER AVENUE New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: 5‑parcel commercial property on busy Flagler Avenue in beachside New Smyrna Beach with walkable access to a visited Florida beach; Retail space: 1,170 SF with Flagler Avenue frontage; operated as an upscale gift store for 19 years; Restaurant spaces include 920 SF and 443 SF; 920 SF features a 6‑stool bar, 3‑4 tables, and a kitchen with gas appliances and a fire suppression hood system
