424 Luna Bella Ln New Smyrna Beach, FL 32168

This 3,362 square foot retail condominium in New Smyrna Beach, Florida, is offered at $880,000, representing a 7.75% cap rate and a $261.75 price per square foot. Built in 2007, this NNN-leased property boasts a remaining lease term of four years, expiring November 30, 2028, with a current NOI of $68,442. The property is zoned PUD (Planned Unit Development) and features the APN 7307-04-00-0130. Located at 424 Luna Bella Ln Unit M (122), New Smyrna Beach, FL 32168, this investment opportunity presents a strong return. While this specific unit is 3,362 square feet, the marketing materials mention a larger, associated freestanding building of over 40,000 square feet on 2.7+ acres with 128 feet of frontage on New York Avenue (SR 44). This larger building features masonry construction with a steel core, 16-foot ceilings, a fire sprinkler system, finished office space, open warehouse space, storage areas, and nine restrooms. It also offers 80+ parking spaces and three ingress/egress points. The location provides high visibility and excellent accessibility, being close to AdventHealth Deland Hospital, Downtown DeLand's Historic Garden District, and Interstate 4. The seller is open to considering a sale, lease, or lease option. Current survey, Phase I environmental, and structural reports are available upon request.