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Property profile & analytics
FOR SALE
Waterfront Land

429 E 3Rd Ave New Smyrna Beach, FL 32169

Entity Owned 7-yr Hold
Property ID
US18-1684288
Property summary
AI-generated overview

Waterfront beachside Intracoastal access development opportunity just east of the New Smyrna Beach Intracoastal Waterway bridge on the south side of 3rd Avenue with approximately 500 ft of waterfront. Fully entitled for a Hyatt Place PUD site plan no. sp-30-18 good through 5-27-27. Prime location on A1A/3rd Ave overlooking the Intracoastal Waterway access and Indian River Lagoon estuary. This is the primary beach access from the Orlando Metro Area. This property is the gateway to New Smyrna Beach and the 3rd Avenue business district which features shopping, dining, entertainment, nearby historic Canal St and Flagler Ave. It is located a short walk to the Atlantic Ocean beaches, 20 minutes to Daytona International Airport, 1 hour to Orlando Airport and attractions. New Smyrna Beach is voted BEST BEACH for 8 years in a row by readers of Orlando Sentinel and is well known for its abundant fishing coves. This site has been identified by the city of New Smyrna as having a high priority for redevelopment. This is a great opportunity to develop in a rapidly growing Central Florida beach market.

Property profile
Verified
Property type Waterfront Land
UPID US18-1684288
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
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Lagoon Hospitality LLC · 7 yrs held
Lagoon Hospitality LLC
since 2018
3 recorded transactions
2018
$3.5M
2018
$300,000
2016
$6,800
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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