1650 Atlantic Ave New Smyrna Beach, FL 32169-3118
This exceptional standalone commercial building, located at 1650 S Atlantic Avenue in New Smyrna Beach, Florida, presents a remarkable investment opportunity. Boasting 5,498 square feet on a 45,001.84 square foot lot, this single-story, 1981-built structure is currently vacant, offering unparalleled flexibility for the discerning buyer. The property's strategic location just off a busy four-lane road ensures high visibility and consistent traffic flow. Its proximity to the beach and numerous residential communities guarantees a robust customer base. Previously a bank, the building features 22 parking spaces and five drive-thru lanes, along with interior spaces including offices, a teller area, restrooms, a break room, and additional adaptable rooms. Comprehensive environmental and survey studies are complete, and site plans are available for potential redevelopment, such as a gas station or convenience store. The B2 zoning allows for a wide array of uses, including but not limited to: bank, restaurant, car wash, art gallery, apparel shop, furniture store, liquor store, medical/dental clinic, office supply store, paint store, and professional offices. Convenient access to I-95, Edgewater, and Port Orange (within 15 minutes) and Daytona International Airport and Speedway (within 30 minutes) further enhances its appeal. The asking price is $2,300,000. This is a chance to establish your business in a thriving coastal market with high visibility and immediate occupancy.
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
B2 · 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.