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    437 Peninsula Ave New Smyrna Beach, FL 32169

    For Sale
    $699,900

    Central Beach lot, build-to-suit opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 6,098.4 square foot commercial lot presents a rare opportunity in the highly desirable Central Beach area of New Smyrna Beach, Florida. Located at 437 S Peninsula Avenue (zip code 32169), this property boasts a prime location just steps away from the vibrant Flagler Avenue, known for its diverse selection of restaurants and bars. The ocean and beach are also within easy walking distance, as are convenient amenities such as Publix, CVS, and Walgreens. The lot itself measures approximately 94 feet by 126 feet (11,844 square feet according to marketing materials), offering ample space for a substantial development. Currently cleared, the property features several mature trees situated outside the building area, providing both privacy and shade. This build-to-suit opportunity allows for the creation of a custom structure, accommodating features such as an in-ground pool, an oversized garage, and space for vehicles, golf carts, boats, and even a summer kitchen. The limited availability of large lots in this area makes this property a sound investment, poised for future appreciation. Seller financing options are available; interested parties should inquire for details. This is a unique chance to acquire a highly sought-after commercial lot in a thriving coastal community.

    Property Features for 437 Peninsula Ave

    General Information

    Property type
    Land

    HighLights

    • $699,900 asking price.
    • 6,098.4 sq ft lot.
    • Located at 437 S Peninsula Avenue, New Smyrna Beach, FL 32169.
    • Prime commercial land in Central Beach, near Flagler Ave, the ocean, and amenities.
    • Cleared lot with mature trees.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    New Smyrna Beach
    County
    Volusia
    State
    Florida
    Longitude
    -80.9024963
    Latitude
    29.0348721

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    FAQs

    What type of property is this?
    Land - Central Beach lot, build-to-suit opportunity.
    Where is this land located?
    The property is located at 437 Peninsula Ave New Smyrna Beach, FL.
    What is the asking price?
    The asking price for this property is $699,900.
    What are key features of this property?
    This property features: $699,900 asking price.; 6,098.4 sq ft lot.; Located at 437 S Peninsula Avenue, New Smyrna Beach, FL 32169.
    Request Owner's contact information
    437 Peninsula Ave New Smyrna Beach, FL 32169
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    437 Peninsula Ave New Smyrna Beach, FL 32169
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