2153 State Rd 44 New Smyrna Beach, FL 32168-8358
This exceptional investment opportunity presents a 4,086 square foot concrete block building situated on a 0.78-acre lot in New Smyrna Beach, Florida. The property boasts approximately 165 feet of road frontage on State Road 44, a main thoroughfare serving as a key gateway to the city. Its strategic location offers unparalleled visibility and accessibility, placing it within two miles of Interstate I-95, providing convenient access to major transportation routes. The building itself features a recently updated roof (January 2017) and is one of the few properties available east of I-95, a short distance from the beach. The property is zoned B4CA and R4CA, offering versatility for various commercial and residential uses. The asking price is $999,000, translating to a price per square foot of $312.04. This presents a rare chance to acquire a substantial property in a high-demand area with significant potential for future growth and development. The single-story building provides ample space for a variety of uses, and the large lot size allows for potential expansion or redevelopment. Don't miss this opportunity to own a piece of prime New Smyrna Beach real estate.
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
B4 · 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.