429 E 3Rd Ave New Smyrna Beach, FL 32169
- Hotels
- 11.73 lot acres
Current Use by Public Records
- Hotels
Property Details for 429 E 3Rd Ave
- Lot size
- 11.73 lot acres
- Property type
- Hotels
Description
This exceptional 11.73-acre waterfront property in New Smyrna Beach, Florida, presents a unique redevelopment opportunity. Located at 429 E 3rd Avenue, this site boasts approximately 1,000 feet of waterfront access along the Intracoastal Waterway, offering breathtaking views of the Indian River Lagoon estuary. The property is fully entitled for a Hyatt Place hotel under PUD site plan no. SP-30-18, valid until May 7, 2027. Its prime location on A1A/3rd Avenue places it at the gateway to New Smyrna Beach's vibrant 3rd Avenue business district, featuring a variety of shopping, dining, and entertainment options. Nearby attractions include historic Canal Street, Flagler Avenue, and the Atlantic Ocean beaches, all within easy walking distance. The property's strategic location also provides convenient access to major transportation hubs, including Daytona International Airport (20 minutes) and Orlando International Airport (1 hour). This is the primary beach access point from the Orlando metro area, making it an ideal location for a high-demand hospitality development. The asking price for this exceptional investment opportunity is $16,860,000. The permitted zoning is PUD (Planned Unit Development). This is a rare chance to acquire a fully entitled, prime waterfront location poised for significant growth and return.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Smyrna Beach
- County
- Volusia
- State
- Florida
- Longitude
- -80.9015289
- Latitude
- 29.0276497
