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    Downtown Corner Location Opportunity

    400 CANAL STREET New Smyrna Beach, FL 32168

    400 CANAL STREET, New Smyrna Beach, FL, 32168
    $2,800,000
    For Sale
    Claim this Listing
    $2,800,000

    Commercial Sale, Other - NEW SMYRNA BEACH, FL

    Property Size5,400 SF
    Lot Size0.07 Acres
    Price / SF$518.52
    AddedFeb 2
    Days on Market163
    Last RefreshJul 15 at 5:06 am

    Property Features for 400 CANAL STREET

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Interior features
    Elevator
    Accessibility
    Accessible Elevator Installed
    Standard status
    Active
    APN
    7441-38-20-2410
    Size
    5,400 SF
    Lot size
    0.07 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1918
    Floors in Building
    2
    Roof type
    Membrane
    Architectural style
    Other

    Listing agent Garat Oates

    Listing office Engel & Völkers New Smyrna Beach 101 Canal St, New Smyrna Beach, FL

    Listing date Feb 2, 2026

    MLS# NS1085596 Listing URL

    Copyright © 2026 Engel & Völkers. 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 5,600 square-foot commercial property, with an additional 2,800 square-foot rooftop space, is located at a corner in downtown New Smyrna Beach. The solid block construction building features high ceilings and an elevator. The property is positioned in the heart of downtown, near shops, restaurants, and bars. The owner is seeking a restaurant, bar, or other concept for the space to capitalize on the energized community and growing restaurant and retail scene, but is open to options. Joint venture interest and seller financing are possible. New Smyrna Beach is rapidly becoming a premier beach destination in Florida, offering a combination of nature and beach town living. This property presents an opportunity to invest in the heart of downtown New Smyrna Beach.

    Key Highlights

    • Prime corner location in the heart of downtown New Smyrna Beach.
    • Substantial square footage: 5,600 Sq. Ft. with an additional 2,800 Sq. Ft. rooftop.
    • Solid block construction with high ceilings and 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 (±1% cap)
    NOI $82,001 @ 7.0% cap · market cap 2.93%
    Second Best
    Retail
    $726.6K
    $635.8K – $847.7K (±1% cap)
    NOI $50,860 @ 7.0% cap · market cap 1.82%
    Theoretical Best
    Office A
    $1.59M
    $1.39M – $1.86M (±1% cap)
    NOI $111,456 @ 7.0% cap · market cap 3.98%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Pharmacy Bakery Tech Support Center Florist (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Daycare Center Tanning Salon Carpet & Flooring Store Food Market

    Zoning and permitted uses should be independently verified with local authorities.

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    Similar Off Market Nearby

    • Night Swan Intracoastal Bed and Breakfast — 512 S Riverside Dr, New Smyrna Beach, FL 32168
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    • City Market Bistro — 124 Canal St, New Smyrna Beach, FL 32168
    • River Deck Tiki Bar & Restaurant — 107 N Riverside Dr, New Smyrna Beach, FL 32168
    • Sugar Works Distillery, LLC — 214 N Orange St, New Smyrna Beach, FL 32168

    FAQs

    What type of property is this?
    Bar & Pub - Prime commercial space in the heart of New Smyrna Beach.
    Where is this bar & pub located?
    The property is located at 400 CANAL STREET 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: Prime corner location in the heart of downtown New Smyrna Beach.; Substantial square footage: **5,600 Sq. Ft.** with an additional **2,800 Sq. Ft. rooftop**.; Solid block construction with high ceilings and elevator.
    Contact an agent
    (321) 271-0042
    We can help!
    Contact an agent
    Garat Oates
    Real Estate License ID: 3024929
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