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Property profile & analytics
OFF-MARKET
Commercial real estate

219 Florida Ave New Smyrna Beach, FL 32169

Property ID
US18-3692736
Property summary
AI-generated overview

This exceptional 6,250.86 square foot vacant lot presents a remarkable investment opportunity in the vibrant New Smyrna Beach, Florida market. Located at 219 Florida Avenue, this cleared parcel boasts a highly desirable mixed-use zoning designation, perfect for a variety of commercial ventures. Its strategic location places it just one block from the bustling Flagler Avenue, a key commercial corridor known for its thriving businesses and high foot traffic. Adding to its appeal, this property abuts another 50-foot wide lot on Flagler Avenue, presenting the unique possibility of acquiring both parcels for potential street-to-street ownership. This offers significant expansion potential and enhanced development flexibility. The property is situated within a short-term rental district, opening doors to lucrative income streams from vacation rentals. To further streamline the development process, pre-designed home plans are readily available for purchase. The asking price for this exceptional property is $850,000. This is a rare chance to secure a prime piece of real estate in a rapidly growing area with significant upside potential. The property's location, zoning, and potential for expansion make it an ideal investment for both seasoned developers and astute investors seeking a high-return opportunity in a sought-after Florida coastal community. The Volusia County location and 32169 zip code further solidify its desirability.

Property profile
Verified
Property type Commercial real estate
UPID US18-3692736
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
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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