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    823 Canal St New Smyrna Beach, FL 32168

    For Sale
    $827,500

    1.43 Acres, Mixed-Use Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1.43-acre property presents a unique infill development opportunity in the heart of Historic Downtown New Smyrna Beach, Florida. Zoned for mixed-use, this expansive lot allows for a diverse range of projects, including residential (single-family homes, townhouses, duplexes, multi-family), commercial (retail, professional services, medical), and even hospitality (hotel). The property boasts an impressive 600 feet of combined road frontage, providing excellent visibility and accessibility via Duss Street, Julia Street, and Inwood Avenue, in addition to Canal Street. Conveniently located less than a mile from the river and a short drive to the beach, this site offers unparalleled access to the area's vibrant amenities, including restaurants, shopping, and entertainment. Utilities are readily available. The assemblage comprises eight 50' x 100' lots from four adjoining parcels (APN #7418-08-32--0080, #7418-08-32-0040, #7418-08-32-0020, #7418-08-32-0110), with one parcel containing an existing structure and the others vacant. The seller will not divide the property. The asking price is $827,500. This is a truly remarkable opportunity to develop a thriving project in a highly desirable location.

    Property Features for 823 Canal St

    General Information

    Property type
    Land
    Lot Size
    62,291 SF

    HighLights

    • MU Zoning: Allows for diverse development including single‑family residential, townhouses, duplexes, multi‑family, hotels, retail, and institutional uses.
    • 1.43‑acre lot in prime Historic Downtown New Smyrna Beach.
    • Existing utilities on‑site.
    • Walkable to restaurants, shops, and entertainment.
    • High visibility on Canal Street, a major thoroughfare.
    • 10‑minute drive to the Atlantic Ocean and beachside amenities.
    Property Profile Insight Report 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
    -80.931871
    Latitude
    29.021866

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    FAQs

    What type of property is this?
    Land - 1.43 Acres, Mixed-Use Potential
    Where is this land located?
    The property is located at 823 Canal St New Smyrna Beach, FL.
    What is the asking price?
    The asking price for this property is $827,500.
    What are key features of this property?
    This property features: MU Zoning: Allows for diverse development including single-family residential, townhouses, duplexes, multi-family, hotels, retail, and institutional uses.; 1.43-acre lot in prime Historic Downtown New Smyrna Beach.; Existing utilities on-site.
    (386) 314-6984
    Request Owner's contact information
    823 Canal St New Smyrna Beach, FL 32168
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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
    823 Canal St New Smyrna Beach, FL 32168
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