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    1650 Atlantic Ave New Smyrna Beach, FL 32169

    Sponsored
    For Sale
    $2,300,000

    Vacant 5,498 SF building, high traffic area.

    Property size:
    5,498 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional standalone commercial building, located at 1650 S Atlantic Avenue in New Smyrna Beach, Florida, presents a remarkable investment opportunity. Boasting 5,498 square feet on a 45,001.84 square foot lot, this single-story, 1981-built structure is currently vacant, offering unparalleled flexibility for the discerning buyer. The property's strategic location just off a busy four-lane road ensures high visibility and consistent traffic flow. Its proximity to the beach and numerous residential communities guarantees a robust customer base. Previously a bank, the building features 22 parking spaces and five drive-thru lanes, along with interior spaces including offices, a teller area, restrooms, a break room, and additional adaptable rooms. Comprehensive environmental and survey studies are complete, and site plans are available for potential redevelopment, such as a gas station or convenience store. The B2 zoning allows for a wide array of uses, including but not limited to: bank, restaurant, car wash, art gallery, apparel shop, furniture store, liquor store, medical/dental clinic, office supply store, paint store, and professional offices. Convenient access to I-95, Edgewater, and Port Orange (within 15 minutes) and Daytona International Airport and Speedway (within 30 minutes) further enhances its appeal. The asking price is $2,300,000. This is a chance to establish your business in a thriving coastal market with high visibility and immediate occupancy.

    Property Features for 1650 Atlantic Ave

    General Information

    Property type
    Retail properties
    Square Feet
    5,498 SF

    Building Details

    Year Built
    1981
    Stories
    1
    Units
    1

    HighLights

    • Exceptional 5,498 SF standalone commercial building on a 45,001.84 SF lot in New Smyrna Beach, FL.
    • Vacant, single‑story building built in 1981, offering flexible use options.
    • High‑visibility location on a busy four‑lane road, near the beach and residential areas.
    • Features 22 parking spaces, five drive‑thru lanes, and ample interior space (offices, teller area, restrooms, break room).
    • Completed environmental and survey studies; site plans available for redevelopment (e.g., gas station, convenience store).
    • B2 zoning allows diverse uses (bank, restaurant, retail, medical, etc.).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

    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
    -80.8904933
    Latitude
    29.0261229

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    FAQs

    What type of property is this?
    Retail property - Vacant 5,498 SF building, high traffic area.
    Where is this retail property located?
    The property is located at 1650 Atlantic Ave New Smyrna Beach, FL.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: Exceptional 5,498 SF standalone commercial building on a 45,001.84 SF lot in New Smyrna Beach, FL.; Vacant, single-story building built in 1981, offering flexible use options.; High-visibility location on a busy four-lane road, near the beach and residential areas.
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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
    1650 Atlantic Ave New Smyrna Beach, FL 32169
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