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Waterfront Development Opportunity in New Smyrna

429 E 3RD AVENUE, New Smyrna Beach, FL 32169

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For Sale

$15,750,000

Hotel/Motel - NEW SMYRNA BEACH, FL

Property size:

562,740 SF

Lot size:

11.73 Acres

Price / SF:

$27/SF

HighLights

Waterfront property with approximately 1,000 ft of Intracoastal access
Fully entitled for a Hyatt Place PUD site plan (no. sp‑30‑18) valid through 5‑7‑27
Prime location on A1A/3rd Ave, the primary beach access from the Orlando Metro Area
Located in New Smyrna Beach, voted 'BEST BEACH' for 8 years by Orlando Sentinel readers
Identified by the city of New Smyrna as a high‑priority redevelopment site
Proximity to shopping, dining, entertainment, historic Canal St and Flagler Ave, and Atlantic Ocean beaches

We can help!

Listing Contact

Pat Collado

For Sale

$15,750,000

Hotel/Motel - NEW SMYRNA BEACH, FL

Property size:

562,740 SF

Lot size:

11.73 Acres

Price / SF:

$27/SF

Added:: Nov 23, 2023
Days on Market:: 932
Last Refresh:: Jun 12 at 4:06 am

Property Features for 429 E 3RD AVENUE

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: PUD
Standard status: Active
APN: 74-16-05-24-0100
Size: 562,740 SF
Lot size: 11.73 Acres

Taxes and HOA fees

Tax Year: 2022
Tax Annual Amount: 33357

Utilities

Water front features: River Front, Waterfront
Water front: 1

Building Details

Year built: 2023
Architectural style: Other

We can help!

Listing Contact

Pat Collado

Listing agent Pat Collado License #636547

Listing office COLLADO REAL ESTATE 402 Flagler Ave, New Smyrna Beach, FL

Listing date Nov 23, 2023

MLS# O6159759 Listing URL

HighLights

Waterfront property with approximately 1,000 ft of Intracoastal access
Fully entitled for a Hyatt Place PUD site plan (no. sp‑30‑18) valid through 5‑7‑27
Prime location on A1A/3rd Ave, the primary beach access from the Orlando Metro Area
Located in New Smyrna Beach, voted 'BEST BEACH' for 8 years by Orlando Sentinel readers
Identified by the city of New Smyrna as a high‑priority redevelopment site
Proximity to shopping, dining, entertainment, historic Canal St and Flagler Ave, and Atlantic Ocean beaches

Overview

This waterfront beachside development opportunity offers Intracoastal access just east of the New Smyrna Beach Intracoastal Waterway bridge, situated on the south side of 3rd Avenue. The property features approximately 1,000 ft of waterfront. It is fully entitled for a Hyatt Place Planned Unit Development (PUD) site plan no. sp-30-18, valid through 5-7-27. The location is prime, positioned on A1A/3rd Ave overlooking the Intracoastal Waterway access and Indian River Lagoon estuary. As the primary beach access from the Orlando Metro Area, this property serves as a gateway to New Smyrna Beach and the 3rd Avenue business district, which includes shopping, dining, and entertainment options, and is near historic Canal St and Flagler Ave. The site is a short walk to the Atlantic Ocean beaches, 20 minutes from Daytona International Airport, and 1 hour from Orlando Airport and attractions. New Smyrna Beach, recognized as the "BEST BEACH" for 8 consecutive years by Orlando Sentinel readers, is known for its abundant fishing coves. The city of New Smyrna has identified this site as a high priority for redevelopment. This represents a significant opportunity to develop in a rapidly growing Central Florida beach market. The property encompasses approximately 11.73 acres or 562740 square feet and includes parcels #741605240102, 741506240101, 741600030010. The zoning is PUD.

Property Profile Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Location Insight

Map
Local Demand

City: New Smyrna Beach
County: Volusia
State: Florida
Longitude: -80.900689
Latitude: 29.027851

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For sale
Commercial land
FL
New Smyrna Beach
32169
429 E 3RD AVENUE

What type of property is this?

Commercial land - Beachside Intracoastal access development opportunity with waterfront.

Where is this commercial land located?

The property is located at 429 E 3RD AVENUE New Smyrna Beach, FL.

What is the asking price?

The asking price for this property is $15,750,000.

What are key features of this property?

This property features: Waterfront property with approximately 1,000 ft of Intracoastal access; **Fully entitled for a Hyatt Place PUD site plan (no. sp‑30‑18) valid through 5‑7‑27**; Prime location on A1A/3rd Ave, the primary beach access from the Orlando Metro Area

429 E 3RD AVENUE, New Smyrna Beach, FL 32169

Hotel/Motel - NEW SMYRNA BEACH, FL

Property Features for 429 E 3RD AVENUE

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Turn-Key Drive-Through Restaurant Facility

Remodeled Mixed-Use Commercial Property

Versatile Mixed-Use Commercial Property

Downtown Corner Location Opportunity

High-Visibility Commercial Building, Volusia County

Historic Building Near Canal Street

Historic Building Near Canal Street

Retail Building with Mezzanine

Income-Producing Mixed-Use Property

Beachside Restaurant/Commercial Building For Sale

Retail Space Near Beach

Ocean-Front Lot in Bethune Beach

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