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    308 Orange St New Smyrna Beach, FL 32168

    For Sale
    $1,100,000

    Versatile Commercial Property, Prime Location

    Property size:
    2,016 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional mixed-use property, situated in New Smyrna Beach's historic district at 308 N Orange Street, presents a compelling investment opportunity. Boasting 2,016 square feet on a generous 10,733.18 square foot double lot, this 1943-built building offers ample space and convenience. The property features eight parking spaces, a significant advantage in this desirable area. Inside, discover hardwood floors, a full kitchen, and a bathroom, enhancing both functionality and aesthetic appeal. The layout includes a welcoming reception area, a dedicated conference room, and four individual offices, providing flexibility for various business needs. A versatile loft and open bonus space offer additional potential for expansion, storage, or even residential conversion (subject to local regulations). The asking price is $1,100,000, translating to $545.63 per square foot. This corner location provides excellent visibility and accessibility, making it an ideal investment for a discerning buyer seeking a unique and well-appointed commercial space in a thriving historic district. The property's combination of character, functionality, and prime location makes it a truly exceptional offering.

    Property Features for 308 Orange St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,016 SF

    Building Details

    Year Built
    1943

    HighLights

    • $1,100,000 asking price for this mixed‑use property.
    • 2,016 square feet on a 10,733.18 square foot lot.
    • Eight parking spaces.
    • Located in the New Smyrna Beach Historic District, Florida.
    • Built in 1943.
    • Features include hardwood floors, full kitchen and bath, reception area, conference room, four offices, loft, and bonus space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -80.9269709
    Latitude
    29.0265523

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    FAQs

    What type of property is this?
    Mixed-use property - Versatile Commercial Property, Prime Location
    Where is this mixed-use property located?
    The property is located at 308 Orange St New Smyrna Beach, FL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: $1,100,000 asking price for this mixed-use property.; 2,016 square feet on a 10,733.18 square foot lot.; Eight parking spaces.
    Request Owner's contact information
    308 Orange 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
    308 Orange St New Smyrna Beach, FL 32168
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