222 Flagler Ave New Smyrna Beach, FL 32169-2637
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.
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, FLCosts & 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.