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Property profile

424 Luna Bella Ln New Smyrna Beach, FL 32168

OFF-MARKET
Retail properties & Spaces
2,015 SF Built 2007
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Property summary

AI-generated overview

This exceptional 2,015-square-foot restaurant/deli space is available for lease in the thriving Venetian Bay Town Center in Volusia County. Built in 2007, this single-tenancy property is zoned PUD and offers unparalleled visibility and accessibility within a rapidly growing residential community. The location boasts prime exposure and benefits from a substantial existing customer base of approximately 2,900 homes within walking distance, with plans for further expansion to over 4,000 homes. Adding to the already strong demographics, 322 new apartments are currently under construction directly across the street, significantly increasing the potential customer pool to an estimated 7,000+. The average household income in the area exceeds $75,000, presenting a highly attractive market for a food service business. The property offers excellent building signage opportunities. The space is currently vacant and ready for immediate occupancy. Estimated common area maintenance (CAM), real estate taxes, and insurance are $7.35 per square foot. Strategically located west of Interstate 95, between Pioneer Trail and State Road 44, just off Airport Road, this property provides convenient access and high visibility for optimal business success.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2007
Total area 2,015 SF

Cap rate & NOI

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

Location

424 Luna Bella Ln New Smyrna Beach, FL 32168
New Smyrna Beach metro
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Value estimations

Realmo proprietary · 4 methods
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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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