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Property profile & analytics
FOR SALE
Retail space

304 Flagler Ave New Smyrna Beach, FL 32169

1,702 SF 0.1 ac lot Built 1936
Individually Owned 26-yr Hold Absentee Owner Free & Clear
Property ID
US18-3017803
Property summary
AI-generated overview

This exceptional retail property, located at 304 Flagler Avenue in New Smyrna Beach, Florida, presents a unique investment opportunity. Priced at $1,750,000, this single-unit building boasts a prime location on the north side of Flagler Avenue, nestled between two thriving hotels. Built in 1936, the property sits on a 4,356 square foot lot and benefits from exceptionally high pedestrian traffic due to its central location within a vibrant commercial district. The property's proximity to the beach (two blocks away) and the Intracoastal Waterway (three blocks away) further enhances its appeal. Flagler Avenue itself is renowned for its bustling atmosphere, featuring a diverse mix of boutiques, restaurants, bed and breakfasts, and regular festivals and street events, creating a lively and engaging environment for businesses. The property is zoned to allow short-term rentals, providing additional income potential. This presents a rare chance to acquire a well-situated retail space in a thriving coastal community with significant potential for growth and return on investment. The property's history and location combine to offer a unique blend of charm and commercial viability. The 4,356 square foot lot provides ample space for various retail uses, and the high volume of pedestrian traffic ensures significant visibility and accessibility for any business operating from this location. The zoning permitting short-term rentals adds a layer of flexibility and potential for increased revenue streams.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1936
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,702 SF
Lot 0.1 ac (4,400 SF)
Zoning code B1
APN 7455-09-00-0160
UPID US18-3017803
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
DIANE LELIEVRE
DIANE LELIEVRE
Zoning & alternative use
B1 · New Smyrna Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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