Property profile

307 Lytle Ave New Smyrna Beach, FL 32168

OFF-MARKET
Investment properties
Property ID
US18-0595272
1,162 SF 0.19 ac lot Built 1918
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional opportunity presents the chance to acquire the oldest surf shop in New Smyrna Beach, Florida, established in 1969. Located at 307 Lytle Ave, New Smyrna Beach, FL 32168, this well-established business is offered at an asking price of $199,500. The business boasts a loyal clientele built over decades, offering a diverse range of products and services including surfboard, SUP, kayak, and bicycle sales and rentals. Additionally, the shop provides surf lessons and eco-tours, creating a unique and engaging customer experience. Currently operating as a home-based business, the model allows for flexibility and efficiency. Equipment is delivered to clients, and lessons/tours meet directly at the beach. The current owner is offering limited training to ensure a smooth transition for the new owner. This presents a unique opportunity to build upon an existing, successful business model or to creatively reimagine its future. Potential avenues for growth include expanding the online store, collaborating with influencers, and increasing the number of eco-tour offerings. This is a chance to own a piece of New Smyrna Beach's surf history and create a fulfilling business that blends passion and profit. The property is a business-only sale.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1918
Construction WOOD
Total area 1,162 SF
Lot 0.19 ac (8,272 SF)
Zoning code R5
APN 7441-38-16-2200
UPID US18-0595272

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

307 Lytle Ave New Smyrna Beach, FL 32168-7119
New Smyrna Beach metro Census 82802 DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2019
3 recorded transactions
2019
Price N/A
2008
Price N/A
2001
$65,000

Zoning & alternative use

R5 · New Smyrna Beach, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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