613 Bay Dr New Smyrna Beach, FL 32168
This exceptional 45,738 square foot commercial lot in New Smyrna Beach, Florida, presents a unique development opportunity. Located at 613 Bay Drive, zip code 32168, this cleared property boasts 111 feet of waterfront access on Turnbull Creek, navigable to the Intracoastal Waterway. The lot's depth extends 374 feet, providing ample space for substantial construction. Existing infrastructure includes a fresh water well, city water, and electricity connections. A natural stone/concrete seawall protects the waterfront, and rebar markers delineate the property line. The tranquil setting offers a blend of rural charm and proximity to the beaches of New Smyrna Beach, Ponce Inlet, and Daytona Beach. Note that an RV currently on the lot belongs to a neighbor and is not included in the sale. A survey is available upon request. The asking price for this remarkable property is $395,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.