109 Magnolia St New Smyrna Beach, FL 32168-7123
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B1 · New Smyrna Beach, FLNew Smyrna Beach. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.