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Property profile & analytics
OFF-MARKET
Investment properties

109 Magnolia St New Smyrna Beach, FL 32168-7123

2,658 SF 0.07 ac lot Built 1901
Individually Owned 5-yr Hold Free & Clear
Property ID
US18-5439793
Property summary
AI-generated overview

This exceptional mixed-use property at 109 Magnolia Street in the heart of historic New Smyrna Beach, Florida, presents a unique investment opportunity. Boasting 2,700 square feet on a 3,079.69 square foot lot, this 1901-built building is situated just off Canal Street, offering unparalleled access to the vibrant downtown area. Currently occupied by a tenant (business not for sale), this versatile space is ideal for a variety of uses, including office, restaurant, or bar. The building's layout includes four private offices, one executive suite complete with a fireplace, six cubicle offices, a spacious breakroom/kitchen, a conference room, a storage room, and a reception area. Its convenient location and substantial size make it an attractive proposition for both investors and business owners. The building's unique feature is its double frontage, running from street to street, providing two convenient entrances. This prime location in the thriving downtown area of New Smyrna Beach offers high visibility and easy access for customers and employees. The asking price is $1,150,000. Don't miss this chance to acquire a piece of New Smyrna Beach history.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1901
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,658 SF
Lot 0.07 ac (3,080 SF)
Zoning code B1
APN 7441-38-01-0460
UPID US18-5439793
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
William L Jennings JR · 5 yrs held
William L Jennings JR
since 2021
3 recorded transactions
2021
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
B1 · New Smyrna Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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