$1,500,000

1411 S Atlantic Avenue

New Smyrna Beach FL, 32169

Description

Rare Beachside Investment Property Opportunity in New Smyrna Beach Five Unit, Multi-Family Income-Producing Property, located on tri-corner (A1-A) frontage lot directly on S Atlantic Ave, 5th Ave. and the South Causeway (HWY 44). 3-1 bedroom units, 2-2 bedroom units, 2nd story porch w/Ocean View, 150 steps to the Ocean (5th Ave. Dune Walkover). 98% Occupancy, Includes appliances (Stoves, Microwaves, Refrigerators) and Fixtures (Ceiling Fans), Has Commercial coin-operated washer & dryer for tenants. New Air Conditioning, New Roof New Electrical. Zoned B-4 Commercial with great potential for any responsible Commercial use. Fantastic location! Walking distance to Shopping, Restaurants, Theater's, Banking, Pharmacies, and the Trendy Historic Downtown Flagler Ave. District. Income producing-All units 98% occupied year-round. Old Florida style Structure right at the beach. Walking distance to the 5th Ave Dune Walkover Directly onto the Beach. Strolling distance to Shopping, Publix Grocery, Banking, Theater's, Health Food, Restaurants, Bars, Bakery, and Entertainment. Walking/Biking distance to Historic Flagler Ave with Trendy Shops, Dining, and Nightlife, or minutes away from the Canal St Business District. Great Beach life. The best schools in the area, bus stops right in front to pick up kids. Property is currently Zoned B-4 Commercial - could also be transformed into Condos, Hotel, Restaurant/Bar, Retail Shops, and/or Professional Services. Could possibly be packaged with 2 sister properties for a large A1-A & Beach Frontage land parcel for a new Business Development project.

Details

MLS#1061987
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year1950
Days On Site57

Features

SQ Feet2,448
Story(s)2
ZoningB-4

Market Activity 32169

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Area Information
StateFL
CountyVolusia
CityNew Smyrna Beach
Zip Code32169
AreaVolusia
Listing VS Median (in 32169)
Price:
$1,500,000
low | high
Med:
$399,950
100% of Average
SqFt:
2,448
low | high
Med:
828
100% of Average
$ / SqFt:
$613
low | high
Med:
$121
100% of Average
On Site:
57
low | high
Med:
186
30.645161290323% of Average
Sourced by Back At You
Listing Updated: March 2, 2021 8:01:22 PM PST
Erin Schwarb LogoMLS Number: 1061987
Listing Provided By:
Erin Schwarb  of  Keller Williams Realty Florida Partners
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the New Smyrna Board of Realtors.