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    209 Downing St New Smyrna Beach, FL 32168

    For Sale
    $558,000

    Charming Craftsman Cottage, Live/Work Potential

    Property size:
    1,128 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This delightful 1,128 square foot mixed-use property, located at 209 Downing Street in New Smyrna Beach, Florida, presents a unique investment opportunity. Built in 1915, this Craftsman-style cottage boasts a prime location just one block from Canal Street, placing it in the heart of the city's vibrant business district. The property features a spacious layout including reception/living, dining, and family rooms, complemented by a full kitchen, two bedrooms, and two bathrooms. Interior laundry adds convenience, while recently refinished Florida Heart of Pine flooring enhances the home's character. A parking area is situated behind the property. Significant recent improvements include a new roof installed in 2022 and a brand-new air conditioning system in July 2024. The property sits on a 4,499.75 square foot lot and is connected to city water. The asking price is $558,000. Seller financing options are available; please inquire for details. All information is deemed accurate but should be verified by the buyer. This property's mixed-use zoning allows for both residential and commercial use, making it ideal for a live-work arrangement or a savvy investment strategy.

    Property Features for 209 Downing St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    1,128 SF

    Building Details

    Year Built
    1915

    HighLights

    • Asking Price: $558,000
    • Mixed‑use property totaling 1,128 square feet
    • Built in 1915 on a 4,499.75 square foot lot
    • Located at 209 Downing Street, New Smyrna Beach, FL 32168, one block from Canal Street
    • Features include two bedrooms, two baths, a full kitchen, and recently refinished heart‑of‑pine flooring; new roof (2022) and A/C (July 2024).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

    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
    -80.9225667
    Latitude
    29.0241776

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    FAQs

    What type of property is this?
    Mixed-use property - Charming Craftsman Cottage, Live/Work Potential
    Where is this mixed-use property located?
    The property is located at 209 Downing St New Smyrna Beach, FL.
    What is the asking price?
    The asking price for this property is $558,000.
    What are key features of this property?
    This property features: Asking Price: $558,000; Mixed-use property totaling 1,128 square feet; Built in 1915 on a 4,499.75 square foot lot
    Request Owner's contact information
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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
    209 Downing St New Smyrna Beach, FL 32168
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