Mixed-Use Property with Motel
2520 North Dixie Freeway, New Smyrna Beach, FL 32168
For Sale
Contact for pricing
Two freestanding masonry buildings combine a bar venue, seven occupied motel units, storage, and a quota liquor license.
Property Size6,140 SF
Lot Size0.39 Acres
Price / SF$405.54
Days on Market66
Property Features for 2520 North Dixie Freeway
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Pylon Signage
Liquor License
Building Details
Buildings
Construction
Listing Agency:
Coldwell Banker/BR
Listed By:
Irene Marshall · License FL #3007173
Source:
Crexi
Added: Sep 5
Changed: Nov 3
Last Checked: Nov 8 at 6:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker/BR
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property consists of two freestanding concrete and masonry buildings totaling 6,140 square feet on a 16,900-square-foot commercial lot, or 0.39 acres. The 3,336-square-foot bar and tavern building includes a 2,904-square-foot primary business area and an open floor plan. A separate 2,804-square-foot structure contains seven occupied motel units and storage space. Extensive asphalt parking and a highway pole sign are also included.
The property is located at 2520 North Dixie Freeway in New Smyrna Beach, directly along the US-1 corridor, also identified as N Dixie Freeway. The package includes a Volusia County 4COP quota liquor license permitting on-premise pouring and package retail operations. The bar, multi-unit motel, and pole sign are described as having grandfathered non-conforming status under recent local zoning changes.
The property is located at 2520 North Dixie Freeway in New Smyrna Beach, directly along the US-1 corridor, also identified as N Dixie Freeway. The package includes a Volusia County 4COP quota liquor license permitting on-premise pouring and package retail operations. The bar, multi-unit motel, and pole sign are described as having grandfathered non-conforming status under recent local zoning changes.
Key Highlights
- 6,140 total building square feet across two freestanding concrete and masonry structures
- 7 occupied motel units plus storage in a separate 2,804‑square‑foot building
- 3,336‑square‑foot bar and tavern building with a 2,904‑square‑foot primary business area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,238
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,864,760
$1.9M
Cap Rate 7%
$1,331,971
$1.3M
Cap Rate 9%
$1,035,978
$1.0M
Market Conditions
NOI Build-Up for 6,140 SF
Gross rent
$134.8K $21.96/SF
− Vacancy
−$10.5K −$1.71/SF
EGI
$124.3K $20.25/SF
− OpEx
−$31.1K −$5.06/SF
NOI
$93.2K $15.19/SF
Area
Volusia County, FL
Vacancy
7.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,864,760
Cap Rate 7%
$1,331,971
Cap Rate 9%
$1,035,978
Alternative Uses
Best Use
Specialty Retail
$1.33M
$1.17M – $1.55M
NOI $93,238 @ 7.0% cap · market cap 3.74%
Second Best
Mixed Use
$1.08M
$948.1K – $1.26M
NOI $75,844 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,730 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 87%
Dining 13%
Mobil
Shops & Services
5,736 visits/mo
0.1 miles
Enterprise Rent-A-Car
Shops & Services
2,011 visits/mo
0.1 miles
Valentino's
Dining
1,149 visits/mo
0.1 miles
Demographics for 32168, FL
30,058
Population
16,439
Households
1.8
Avg Household Size
54
Median Age
31%
College-Educated
93%
High-School Grad
153.9 sq mi
ZIP Area
195
Density / Sq Mi
$72,967
Median Household Income
$41,076
Median Earnings
$1,608
Median Rent
$310,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Volusia County, FL
Properties on Market for Mixed-use properties in Volusia County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two freestanding masonry buildings combine a bar venue, seven occupied motel units, storage, and a quota liquor license.
Where is this mixed-use property located?
The property is located at 2520 North Dixie Freeway New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $2,490,000.
What are key features of this property?
This property features: 6,140 total building square feet across two freestanding concrete and masonry structures; 7 occupied motel units plus storage in a separate 2,804‑square‑foot building; 3,336‑square‑foot bar and tavern building with a 2,904‑square‑foot primary business area
