Corner Mixed-Use Redevelopment
For Sale
$678,000
1404 New York Avenue, Lynn Haven, FL 32444
LAND - Lynn Haven, FL
Property Size1,649 SF
Lot Size0.53 Acres
Price / SF$411.16
Days on Market50
Property Features for 1404 New York Avenue
General Information
Property type
Land
Property subtype
Other
Subdivision
No Named Subdivision
Elementary school
Lynn Haven
Middle school
Mowat
High school
Mosley
Directions
In Lynn Haven on Hwy 77, turn west onto Hwy 390, two blocks on the left
Standard status
Active
APN
10219-000-000
Size
1,649 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Description
LYNN HAVEN MAP 102C3 LOTS 1,2,18,19 & 20 BLK 241 ORB 2376 P 2155 LESS DOT PRCL 156
Legal Description
LYNN HAVEN MAP 102C3 LOTS 1,2,18,19 & 20 BLK 241 ORB 2376 P 2155 LESS DOT PRCL 156
Building Details
Year built
2013
Listing Agency:
New Town Realty
(850) 258-6429
Listed By:
Sheran Whitaker · License #3005728
(850) 258-6429
Added: Jun 15
Changed: Jun 16
Last Checked: Aug 3 at 7:06AM
MLS# 791424
Copyright © 2026 Central Panhandle 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 offering is a 0.53-acre corner parcel in Lynn Haven with two existing buildings, historically used for a combination of business and residence. The site is presented for sale as mixed-use redevelopment or repurposing, with current occupants on a month-to-month basis. This configuration can support immediate occupancy considerations while allowing flexibility for future reuse.
The property is positioned along the Hwy 390 corridor and provides access from both New York Avenue and Hwy 390. The public remarks highlight strong visibility and traffic flow tied to the completion of Hwy 390. The parcel also benefits from its immediate commercial surroundings, including a nearby new bank and discussions underway for a Culver’s.
The location and existing improvements make this property a practical fit for users who want a presence along a high-growth retail corridor, as well as for investors or developers considering a mixed-use conversion. Uses mentioned in the remarks include a coffee shop, medical or professional offices, retail, and service-based businesses. With corner access and two buildings already in place, buyers can evaluate options ranging from continued mixed occupancy to a more comprehensive redevelopment approach.
The property is positioned along the Hwy 390 corridor and provides access from both New York Avenue and Hwy 390. The public remarks highlight strong visibility and traffic flow tied to the completion of Hwy 390. The parcel also benefits from its immediate commercial surroundings, including a nearby new bank and discussions underway for a Culver’s.
The location and existing improvements make this property a practical fit for users who want a presence along a high-growth retail corridor, as well as for investors or developers considering a mixed-use conversion. Uses mentioned in the remarks include a coffee shop, medical or professional offices, retail, and service-based businesses. With corner access and two buildings already in place, buyers can evaluate options ranging from continued mixed occupancy to a more comprehensive redevelopment approach.
Key Highlights
- Year built 2013 mixed‑use commercial property in Lynn Haven on a corner parcel over 0.5 acre
- Two existing buildings on site, historically used as a business and a residence
- Both buildings are currently occupied on a month‑to‑month basis
Financial Insights For Office B
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 | $46.5k | $28.20 |
| − Vacancy | −$9.5k | −$5.78 |
| EGI | $37.0k | $22.42 |
| − OpEx | −$9.2k | −$5.60 |
| NOI | $27.7k | $16.81 |
1,649 SF · lease $28.20/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$396.1K
$346.6K – $462.1K
NOI $27,727 @ 7.0% cap · market cap 4.09%
Second Best
Specialty Retail
$296.4K
$259.4K – $345.8K
NOI $20,748 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$480.5K
$420.4K – $560.5K
NOI $33,632 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
Explore this area
Business Placement
Demographics for 32444, FL
19,913
Population
8,632
Households
2.3
Avg Household Size
41
Median Age
32%
College-Educated
92%
High-School Grad
9.8 sq mi
ZIP Area
2,032
Density / Sq Mi
$89,508
Median Household Income
$42,348
Median Earnings
$1,494
Median Rent
$292,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two existing buildings sit on a corner parcel with access to New York Avenue and Hwy 390.
Where is this mixed-use property located?
The property is located at 1404 New York Avenue Lynn Haven, FL.
What is the asking price?
The asking price for this property is $678,000.
What are key features of this property?
This property features: Year built 2013 mixed‑use commercial property in Lynn Haven on a corner parcel over 0.5 acre; Two existing buildings on site, historically used as a business and a residence; Both buildings are currently occupied on a month‑to‑month basis
