Property profile

2995 Fl-44 New Smyrna Beach, FL 32168

OFF-MARKET
Retail properties & Spaces
1,808 SF 1.5 ac lot Built 1970
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Property summary

AI-generated overview

This exceptional 1.5-acre retail property in New Smyrna Beach, Florida, presents a lucrative investment opportunity. Boasting 250 feet of frontage on SR 44, this fully operational gas station and convenience store benefits from its prime location directly in front of a Walmart development and adjacent to a McDonald's. The 1,808 square foot building, constructed in 1970, sits on a single-story structure and is zoned B-6 in Volusia County (APN: 7322-00-00-0041). The property includes two 130-foot sign poles offering exceptional visibility from I-95. Fuel tanks were replaced in 2009, consisting of one 15,000-gallon tank and a split 15,000-gallon tank. An NFA letter from the DEP is anticipated soon. Currently, there is no fuel supply agreement in place. The property's high-traffic location, excellent visibility, and proximity to major retailers make it an ideal investment for continued operation or redevelopment. The access road for the Walmart development runs directly adjacent to the property, further enhancing its accessibility and potential. Annexation is a possibility. Asking price is $2,400,000.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1970
Total area 1,808 SF
Lot 1.5 ac (65,340 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2995 Fl-44 New Smyrna Beach, FL 32168
New Smyrna Beach metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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