1899 Fl-44 New Smyrna Beach, FL 32168
This exceptional 16,228 square foot storefront property, situated on a 2.48-acre lakefront lot in New Smyrna Beach, Florida, presents a unique investment opportunity. Built in 1997 and expanded in 2008, this single-story, concrete block building boasts a desirable B-3 zoning, allowing for a wide range of uses. The property features 55 paved parking spaces, plus an adjacent land area and a shared parking easement with the neighboring property. Its prominent location at the highly visible corner of Eddie Road and State Road 44 ensures maximum exposure. The building itself offers versatile space, including upstairs office/retail areas and downstairs retail/office/warehouse space, serviced by two elevators. The property's history as a former Harley Davidson dealership speaks to its strong structural integrity and adaptable layout. While some uses are restricted (no food or restaurants), the B-3 zoning permits a variety of possibilities, including but not limited to: assisted living facilities (ALFs), veterinary clinics, banks, boat sales and service centers, funeral homes, furniture showrooms, grocery stores, medical offices, pawn shops, and various retail businesses. The property is directly across SR 44 from a Publix-anchored center, guaranteeing high visibility and foot traffic. This is a rare chance to acquire a substantial, well-located commercial property with significant potential for growth and return on investment. The asking price is $4,600,000.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.