Mixed-Use Opportunity Zone
585 WASHINGTON St New Smyrna Beach, FL 32168
585 WASHINGTON St, New Smyrna Beach, FL, 32168
$345,000
For Sale
$345,000
Duplex and vacant lot in a short-term rental zone.
Lot Size0.27 Acres
Days on Market134
Property Features for 585 WASHINGTON St
General Information
- Standard status
- Active
- Lot size
- 0.27 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1937
Listing agency
BEACHSIDE REALTY OF VOLUSIA
(386) 334-2787
Listed by
Lori Schmerler, PA
(386) 334-2787
Source
Elliman
Added: Mar 10 Updated: Jul 10 at 3:48PM Checked: Jul 21 at 8:52AM
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Investment Insights
Based on property information with market context.
This property, located in a designated Opportunity Zone, features a duplex and a vacant lot suitable for building additional units or up to six short-term rental suites. The existing duplex at 585 Washington Street has two separate entrances, electric meters, water meters, and natural gas meters. The front entrance leads to a framed-out layout with two bedrooms, a flex room, and two bathrooms. The entrance at 304 Sheldon provides access to a two-bedroom, one-bath unit. The mixed-use zoning allows for a first-floor business or a bed and breakfast, with potential parking waivers in the historic district overlay. The special parking district allows for half of the city's parking requirements. Building heights in the New Smyrna Beach Historic District can reach up to 72 feet. The property is across from the Babes James Community Recreational Center and Splash Pad Park, and within walking distance of Pettis Park Sport Center, which includes covered pavilions, restroom facilities, a multi-purpose field, a double skate bowl, fitness stations, and courts for basketball, pickleball, racquetball, and tennis, as well as a playground and the Mary S Harrell Heritage Museum. Washington Street connects the Historic Westside to the North Causeway of Coronado Island, leading to Flagler Avenue and the ocean ramp. Flagler Avenue offers events, nightlife, restaurants, and shops. A new Interstate 95 exit is planned to direct traffic through the Westside to Washington Street, the North Bridge, and Flagler Avenue Beach ramp.
Key Highlights
- Short‑term rental zone with potential for up to six suites, offering significant income potential.
- Opportunity Zone location provides potential tax benefits for capital gains after 7 years.
- Mixed‑use zoning allows for a variety of business opportunities, including a first‑floor business or bed and breakfast.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex and vacant lot in a short-term rental zone.
Where is this duplex located?
The property is located at 585 WASHINGTON St New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Short‑term rental zone with potential for up to six suites, offering significant income potential.; Opportunity Zone location provides potential tax benefits for capital gains after 7 years.; Mixed‑use zoning allows for a variety of business opportunities, including a first‑floor business or bed and breakfast.