1411 S Atlantic Avenue, New Smyrna Beach, FL 32169

$1,495,000
7
BD
5
BA
List Price
$1,495,000
Status
Active
Days on Market
146
MLS#
O5937668
Property Style
1/2 Duplex
Year Built
1950
Bedrooms
7
Bathrooms
5
Lot Size
10,000
Acres
0.23
Total Acreage
0 to less than 1/4
Legal Subdivision Name
New Smyrna Beach
MLS Area Major
New Smyrna Beach

Property Description

Unique Opportunity that won't last long! This is the only Property Zoned “B-4 General Commercial Classification” that is only 150 feet from the beach (5th Ave. Dune Walkover)! Located on the tri-corner lot directly on A1A. The bus stop is located in front of the property, so no need to use the car! Currently a multi-family income producing property year round with 5 Units. This is the perfect place to build an amazing business. Either live in one unit and rent out the rest (either short-term and/or long term), or build your dream business (Bed & breakfast, Restaurant, Bar, Retail Store, Art Studio, School, Professional Office, You Choose!). To put an example: for a short-term rental opportunity, the property can generate easily $130,000 a year ($500 per week x 5 units x 52 weeks). The property has a new air conditioner, new roof, new electric. Also it includes appliances (Stoves, Microwaves, Refrigerators), Fixtures (Ceiling Fans), Commercial coin-operated washer & dryer for tenants. Amazing location! Walking/ Biking distance to Publix Grocery Store, Restaurants/Bars, Retail Shops, Banks, Theater's, Pharmacies, Entertainment, and the Trendy Historic Downtown Flagler Ave. District. New Smyrna Beach is where the Great Beach Life and Nightlife takes place all year round! Don't hesitate with this great opportunity! Please, don't disturb the tenants. Contact the Listing Agent for appointments or schedule a virtual showing as soon as possible!

Additional Information

Taxes
$6320
Minimum Lease
1-7 Days
Community Features
No Deed Restriction
Property Description
Two Story
Zoning
B4(8)
Interior Layout
Built-in Features, Ceiling Fans(s), Living Room/Dining Room Combo
Interior Features
Built-in Features, Ceiling Fans(s), Living Room/Dining Room Combo
Floor
Tile
Appliances
Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator
Utilities
BB/HS Internet Available, Cable Connected, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Water Connected
Heating
Central
Air Conditioning
Central Air
Exterior Construction
Other, Stucco, Wood Frame, Wood Siding
Exterior Features
Balcony, Dog Run, Lighting, Other, Outdoor Grill, Outdoor Shower, Storage
Roof
Other, Shingle
Foundation
Slab
Pool
No Pool
Flood Zone Code
X
Parcel ID
22-17-34-01-05-0110
Legal Description
LOTS 11 & 12 BLK 5 NEW SMYRNA BEACH & PART OF VAC ST BEING N 44 FT OF S 62 FT OF LOT 7 BLK 5 F C AUSTIN SUB MB 1 PG 127 PER OR 4305 PG 4823 PER OR 7814 PG 1869

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of COLLADO REAL ESTATE.

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