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    429 E 3Rd Ave New Smyrna Beach, FL 32169

    For Sale
    $15,900,000

    COMMERCIAL - New Smyrna Beach, FL

    Lot size:
    11.73 Acres
    Days on Market:
    144
    Last Refresh:
    Dec 13 at 4:06 am

    Property Features for 429 E 3Rd Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    7416-05-24-0100
    Lot size
    11.73 Acres

    Building Details

    Year built
    1700

    Collado Real Estate (386) 427-0002

    Listing agent Patricia Collado (386) 427-0002

    Listing date Jul 23, 2025

    Copyright © 2025 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.

    Overview

    Waterfront Development Opportunity in Florida

    This commercial property presents a waterfront development opportunity with Intracoastal access, situated just east of the New Smyrna Beach Intracoastal Waterway bridge on the south side of 3rd Avenue. The site features approximately 1,000 feet of waterfront. It is fully entitled for a Hyatt Place Planned Unit Development (PUD) site plan, valid through May 27, 2027. The location on A1A/3rd Avenue overlooks the Intracoastal Waterway access and Indian River Lagoon estuary. This property serves as a gateway to New Smyrna Beach and the 3rd Avenue business district, which includes shopping, dining, and entertainment options, and is near historic Canal St and Flagler Ave. The site is a short walk to the Atlantic Ocean beaches, 20 minutes from Daytona International Airport, and one hour from Orlando Airport and attractions. The city of New Smyrna has identified this site as a high priority for redevelopment. The property consists of approximately 11.73 acres and includes parcels #741605240102, 741506240101, 741600030010. It is located in a rapidly growing Central Florida beach market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Smyrna Beach
    County
    Volusia
    State
    Florida
    Longitude
    -80.900691
    Latitude
    29.027839

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    FAQs

    What type of property is this?
    Commercial land - Beachside Intracoastal access development opportunity with waterfront.
    Where is this commercial land located?
    The property is located at 429 E 3Rd Ave New Smyrna Beach, FL.
    What is the asking price?
    The asking price for this property is $15,900,000.
    What are key features of this property?
    This property features: - Waterfront development opportunity with approximately 1,000 ft of Intracoastal access.; - Fully entitled Hyatt Place PUD site plan (SP-30-18) valid through 5-27-27.; - Prime location on A1A/3rd Ave, overlooking the Intracoastal Waterway and Indian River Lagoon.
    (386) 427-0002
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    429 E 3Rd Ave New Smyrna Beach, FL 32169
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