765 3rd Ave New Smyrna Beach, FL 32169-3101
- Retail properties
- 3,124 SF
- 0.60 lot acres
Current Use by Public Records
- Retail properties
Property Details for 765 3rd Ave
- Year built
- 1978
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.60 lot acres
- Property size
- 3,124 SF
- Zone code
- B2
- Property type
- Retail properties
- APN
- 7416-05-28-0060
- APU
- 741605280060
Description
This exceptional 3,955 square foot retail space in New Smyrna Beach, Florida, presents a unique investment opportunity. Located at 765 E 3rd Ave, in Volusia County (zip code 32169), this single-tenant property boasts a prime location on a main retail corridor, directly across from a Publix supermarket, ensuring high visibility and foot traffic. Built in 1985, the building has served as a successful auto repair and service center for over 25 years, most recently vacated and ready for a new owner-operator or tenant. The property features four service bays, ideal for an auto repair or similar business. The existing infrastructure is well-suited for continued operation in the automotive service industry, offering a significant advantage to prospective buyers. The property's history of success, combined with its strategic location and ample space, makes it an attractive proposition for entrepreneurs seeking a well-established business in a thriving coastal community. This is the only auto repair/service space currently available on the island, representing a rare opportunity to establish or relocate a business in a high-demand market. The property's size and location offer significant potential for growth and profitability. The building's age provides an opportunity for potential renovations or upgrades to further enhance its appeal and functionality. This is a turnkey opportunity for a new business venture in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,630,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,415,000
- 6.5%
- $2,165,000
- 7%
- $2,485,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,145,000
- Geo Method
- $2,425,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,085,000
- Retail
- $1,935,000
- Mixed-Use
- $1,990,000
- Hospitality
- $2,265,000
- Educational
- $2,160,000
- Residential Income
- $2,400,000
- Energy
- $2,415,000
- Income-Based Land
- $2,385,000
- Food Service
- $2,075,000
Location Insight
- Map
- Local Demand
- City
- New Smyrna Beach
- County
- Volusia
- State
- Florida
- Longitude
- -80.8937
- Latitude
- 29.0284
- CBSA code
- 19660
- CBSA name
- DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
