424 Luna Bella Ln Unit B New Smyrna Beach, FL 32168
- Retail properties
- 2,989 SF
Current Use by Public Records
- Retail properties
Property Details for 424 Luna Bella Ln Unit B
- Year built
- 2007
- Property size
- 2,989 SF
- Property type
- Retail properties
Description
This 2,989 square foot retail condo in New Smyrna Beach, Florida, presents a unique owner-user opportunity. Located at 424 Luna Bella Lane, Unit B (Suite 133), this property boasts a prime location within the thriving Venetian Bay Town Center. The unit features 2,250 square feet of vacant space, ideal for immediate occupancy or leasing, and 739 square feet currently leased to Snap Fitness until April 2033, generating a substantial annual net operating income (NOI) of $16,139.76 with 4% annual increases. The lease is a NNN (Net, Net, Net) agreement, meaning the tenant covers property taxes, insurance, and maintenance. The property is zoned PUD (Planned Unit Development) and was built in 2007. This investment benefits from exceptional demographics, with over 7,000 potential customers within walking distance and an average household income exceeding $75,000. The Venetian Bay Town Center is experiencing significant growth, with plans for over 4,000 homes at full build-out and 322 apartments currently under construction across the street. The condo association handles all building and grounds maintenance, minimizing management responsibilities. Building signage is also available. The asking price is $750,000. The APN is 7307-04-00-0020. This is a rare chance to capitalize on the explosive growth in East Volusia County.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Smyrna Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.0323
- Latitude
- 29.0334
