429 3Rd Ave New Smyrna Beach, FL 32169

This exceptional 510,958.8 square foot waterfront property in New Smyrna Beach, Florida, presents a unique development opportunity. Located at 429 E 3rd Avenue, this mixed-use land parcel boasts approximately 1,000 feet of waterfront access to the Intracoastal Waterway, offering breathtaking views of the Indian River Lagoon estuary. The property is fully entitled for a Hyatt Place hotel, with site plan number SP-30-18, valid until May 27, 2027. Its prime location on A1A/3rd Avenue places it at the gateway to New Smyrna Beach's vibrant 3rd Avenue business district, featuring shopping, dining, and entertainment, and within walking distance of the Atlantic Ocean beaches. Conveniently situated just 20 minutes from Daytona International Airport and an hour from Orlando International Airport and its attractions, this location benefits from its proximity to the Orlando metro area, making it the primary beach access point for many. New Smyrna Beach consistently ranks as a top beach destination, renowned for its fishing and natural beauty. The city has identified this site as a high priority for redevelopment, reflecting its significant potential within a rapidly growing Central Florida beach market. This offering includes parcels #741605240102, 741506240101, and 741600030010. The property was built in 1700 and is being offered at $16,860,000. This is an unparalleled chance to capitalize on the thriving Central Florida coastal market.