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Property profile & analytics
OFF-MARKET Estimated value $965,000
Commercial land

222 Flagler Ave New Smyrna Beach, FL 32169-2637

2,016 SF 0.16 ac lot Built 1925
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US18-5413943
Property summary
AI-generated overview

This exceptional 6,899.9 square foot commercial land parcel is situated on the highly desirable Flagler Avenue in New Smyrna Beach, Florida (32169). Zoned for mixed-use development, this property allows short-term rentals with no minimum nightly stay restrictions, presenting a unique opportunity to maximize income potential. The City of New Smyrna Beach recently approved an ordinance adding 23 parking spaces, significantly enhancing the property's development viability. With a maximum building height of 42 feet, developers have considerable flexibility for multi-level projects. Its prime location between the Intracoastal Waterway and the Atlantic Ocean, near the Hampton Inn, Springhill Marriott, and public parking, ensures unparalleled visibility and accessibility. Just four blocks from the ocean and two blocks from the river, this location offers exceptional exposure to the high volume of tourists and locals. Ideal for a restaurant, bar, ground-floor retail, or a mixed-use development incorporating apartments, this property is perfectly positioned within New Smyrna Beach's vibrant entertainment and retail district. Detailed parking information is available upon request. This is a rare opportunity to acquire a highly sought-after property in a thriving coastal community. The asking price is $1,500,000.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1925
Total area 2,016 SF
Lot 0.16 ac (6,900 SF)
Zoning code B1
APN 7455-09-00-0110
UPID US18-5413943
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
$758k
Blend (final) Blend
$965k
Owner & transaction history
Maui Nix INC · 1 yrs held
Maui Nix INC
since 2025
Last sale
$967,000
3 recorded transactions
2025
$1.2M
2021
$967,000
2021
Price N/A
Zoning & alternative use
B1 · New Smyrna Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source City Zoning
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