Mixed-Use Retail and Restaurant
For Sale
Contact for pricing
307 FLAGLER AVE #101, New Smyrna Beach, FL 32169
A second-floor residence accompanies street-level commercial space configured for retail, dining, and event use.
Property Size2,990 SF
Days on Market398
Property Features for 307 FLAGLER AVE #101
General Information
Standard status
Active
Size
2,990 SF
Total Parking Spaces
16
Property subtype
Business
Restaurant
Commercial Hood
Yes
Patio
Yes
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$1,447
Amenities
courtyard
covered outdoor seating
Building Details
Building Size
2,990 SF
Year Built
2002
Tenancy
Multi
Listing Agency:
ROSE PROPERTY MANAGEMENT INC
Listed By:
Roxanne Rose · License #3249905
(407) 701-8959
Source:
Thefullerproperties
Added: Sep 9, 2025
Changed: Oct 10
Last Checked: Oct 10 at 2:18AM
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 ROSE PROPERTY MANAGEMENT INC
Investment Insights
Based on property information with market context.
This five-parcel mixed-use property brings together a 1,170-square-foot retail space, a 920-square-foot restaurant, and an adjacent 443-square-foot space used for events and storage. The restaurant includes a six-stool bar, room for three to four tables, and a kitchen with gas appliances and a fire-suppression hood. An additional 900 square feet of covered courtyard seating is provided under a lease with the Cloisters Condo Owners Association. The second-floor residence above the retail space is a 1,440-square-foot, three-bedroom, three-bathroom condo with an open floor plan, plus a 247-square-foot air-conditioned one-car garage. The building dates to 2002.
The commercial spaces front Flagler Avenue in New Smyrna Beach. Shops, restaurants, and three hotels line the avenue, and a beach is within walking distance. If the commercial spaces are combined, they have 16 allocated parking spaces; the listing indicates this could satisfy city parking requirements for a 96-seat restaurant.
The commercial spaces front Flagler Avenue in New Smyrna Beach. Shops, restaurants, and three hotels line the avenue, and a beach is within walking distance. If the commercial spaces are combined, they have 16 allocated parking spaces; the listing indicates this could satisfy city parking requirements for a 96-seat restaurant.
Key Highlights
- Five parcels include retail, restaurant, event/storage, and residential space
- Retail space: 1,170 square feet with Flagler Avenue frontage
- Restaurant: 920 square feet, six‑stool bar, three to four tables, and gas kitchen with fire‑suppression hood
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,404
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$908,080
$908.1K
Cap Rate 7%
$648,629
$648.6K
Cap Rate 9%
$504,489
$504.5K
Market Conditions
NOI Build-Up for 2,990 SF
Gross rent
$65.7K $21.96/SF
− Vacancy
−$5.1K −$1.71/SF
EGI
$60.5K $20.25/SF
− OpEx
−$15.1K −$5.06/SF
NOI
$45.4K $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%
$908,080
Cap Rate 7%
$648,629
Cap Rate 9%
$504,489
Alternative Uses
Best Use
Specialty Retail
$648.6K
$567.6K – $756.7K
NOI $45,404 @ 7.0% cap · market cap 2.88%
Second Best
Mixed Use
$527.6K
$461.7K – $615.6K
NOI $36,934 @ 7.0% cap · market cap 2.35%
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 authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 73%
Shops & Services 27%
SpringHill Suites New Smyrna Beach
Hotels & Casinos
5,968 visits/mo
0.2 miles
7-Eleven
Shops & Services
4,739 visits/mo
0.1 miles
Hampton Inn New Smyrna Beach
Hotels & Casinos
4,642 visits/mo
0.2 miles
Coconut Palms Beach Resort II
Hotels & Casinos
2,373 visits/mo
0.4 miles
Demographics for 32169, FL
10,621
Population
12,339
Households
0.9
Avg Household Size
63
Median Age
49%
College-Educated
98%
High-School Grad
16.2 sq mi
ZIP Area
656
Density / Sq Mi
$99,260
Median Household Income
$65,500
Median Earnings
$1,754
Median Rent
$485,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A second-floor residence accompanies street-level commercial space configured for retail, dining, and event use.
Where is this mixed-use property located?
The property is located at 307 FLAGLER AVE #101 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: Five parcels include retail, restaurant, event/storage, and residential space; Retail space: 1,170 square feet with Flagler Avenue frontage; Restaurant: 920 square feet, six‑stool bar, three to four tables, and gas kitchen with fire‑suppression hood
