Overview
Mixed-Use Property in Opportunity Zone
This mixed-use property is located in an Opportunity Zone, making it available for tax exchange. Situated in the Historic Westside location, the property is currently configured as a duplex with two electric, water, and natural gas meters, as well as two separate entrances. The 585 Washington Street entrance leads to a framed-out layout for a two-bedroom unit with a flex room and two baths. The 304 Sheldon entrance provides access to a two-bedroom, one-bath unit. An additional vacant lot can be used for parking or developed with more units, potentially up to six suites for short-term rentals on a nightly, weekly, or monthly basis. The mixed-use/commercial zoning allows for a first-floor business, and a bed and breakfast in the historic district overlay may provide parking waivers. The special parking district allows for half of the city parking requirements. New Smyrna Beach Historic District building height allows up to 72 feet. The property is across from the Babes James Community Recreational Center and Splash Pad Park, and within walking distance of Pettis Park Sport Center area, which features covered pavilions with restroom facilities, a multi-purpose field, a double skate bowl, fitness stations, and courts for basketball, pickleball, racquetball, tennis, and a playground. The Mary S Harrell Heritage Museum is also nearby. Washington Street connects the Historic Westside to the North Causeway of Coronado Island, leading to the Flagler Avenue entrance to the ocean ramp. Flagler Avenue offers events, nightlife, restaurants, and shops. It is near Historic Canal Street, and features festivals, wine and beer walks, antique and vintage fairs, art galleries, live music, car events, farmers markets, gift shops, boutiques, craft beer and wine bars, waterfront seafood restaurants, the city marina, dockage, bait and tackle shops, and boat rentals. Riverside Park, the Brannon Center, and concerts in the park are also nearby. A new Interstate 95 exit will create traffic traveling from Pioneer trail thru Westside to Washington Street to North Bridge to Flagler Avenue Beach ramp. The property size is 1673 square feet.
