Corner Retail Restaurant
400 Canal St New Smyrna Beach, FL 32168
400 Canal St, New Smyrna Beach, FL, 32168
$2,800,000
For Sale
$2,800,000
Solid block, high-ceiling corner building with elevator and rooftop space, suitable for restaurant or other street-facing concepts.
Property Size5,400 SF
Price / SF$518.52
Days on Market360
Property Features for 400 Canal St
General Information
- Standard status
- Active
- Size
- 5,400 SF
Listing agency
ENGEL & VOLKERS NEW SMYRNA
(321) 271-0042
Listed by
Garat Oates · License #3024929
(321) 271-0042
Source
Exprealty
Added: Jul 28, 2025 Updated: Jul 10 at 3:59PM Checked: Jul 21 at 11:52PM
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 ENGEL & VOLKERS NEW SMYRNA
Investment Insights
Based on property information with market context.
This corner property offers a substantial retail/restaurant configuration with solid block construction, high ceilings, and an elevator for convenient access. The offering includes 5,600 square feet of interior space, plus an additional 2,800 square feet of rooftop area, for a total possible 8,400 square feet. The space is positioned for concepts that benefit from a street-level presence and an outdoor rooftop component.
The building is located at 400 Canal St in New Smyrna Beach, positioned at Canal & Palmetto. It is presented as for sale or for lease, and the owner has indicated openness to a Restaurant/Bar concept or other alternatives. The offering also notes the possibility of joint venture interest and/or seller financing, subject to terms and approval.
From an operator or tenant standpoint, the combination of high ceilings, elevator service, and dedicated rooftop space can support a range of dining and retail uses that want both indoor capacity and an additional rooftop venue. The seller requests that only vetted and/or pre-approved interested parties engage, and the remarks confirm that the seller is a Florida licensed real estate broker.
The building is located at 400 Canal St in New Smyrna Beach, positioned at Canal & Palmetto. It is presented as for sale or for lease, and the owner has indicated openness to a Restaurant/Bar concept or other alternatives. The offering also notes the possibility of joint venture interest and/or seller financing, subject to terms and approval.
From an operator or tenant standpoint, the combination of high ceilings, elevator service, and dedicated rooftop space can support a range of dining and retail uses that want both indoor capacity and an additional rooftop venue. The seller requests that only vetted and/or pre-approved interested parties engage, and the remarks confirm that the seller is a Florida licensed real estate broker.
Key Highlights
- Corner location at Canal & Palmetto in downtown New Smyrna Beach
- 5,600 SF building with an additional 2,800 SF rooftop space for up to 8,400 SF total possible
- Solid block construction with high ceilings and an elevator
Local Financial Insights For Specialty Retail
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 | $118.6k | $21.96 |
| − Vacancy | −$9.2k | −$1.71 |
| EGI | $109.3k | $20.25 |
| − OpEx | −$27.3k | −$5.06 |
| NOI | $82.0k | $15.19 |
5,400 SF · lease $21.96/SF/yr · vacancy 7.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.17M
$1.03M – $1.37M
NOI $82,001 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,456 @ 7.0% cap · market cap 3.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Solid block, high-ceiling corner building with elevator and rooftop space, suitable for restaurant or other street-facing concepts.
Where is this conventional restaurant located?
The property is located at 400 Canal St New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Corner location at Canal & Palmetto in downtown New Smyrna Beach; 5,600 SF building with an additional 2,800 SF rooftop space for up to 8,400 SF total possible; Solid block construction with high ceilings and an elevator
