472 CausewayNew Smyrna Beach, FL 32169

Property Details for 472 Causeway

Year built

1958

Property size (Sq ft)

1,626 SF

Property type

Retail properties

Property subtype

Mixed-use properties

Description

This exceptional mixed-use property, located at 472 Causeway N in New Smyrna Beach, Florida (32169), presents a unique investment opportunity. The 1,626 square foot, Class A building, constructed in 1958, boasts two units and sits on a 6,250 square foot lot. Currently operating as a highly-rated (4.92 stars) bed and breakfast, this property offers immediate income generation. The B-2 zoning allows for diverse expansion possibilities, including adding a three-story structure (variances acquired in 2015). Its prime location, steps from the Intracoastal Waterway, Flagler Ave, and Canal Street's vibrant dining and entertainment scene, ensures high demand. The asking price is $1,799,999 ($1,107.01 per square foot). This is a rare chance to acquire a proven short-term rental with significant upside potential, allowing for the creation of a residential dream home with intracoastal views while maintaining a thriving ground-floor business. An appraisal is available upon request, reflecting a price improvement. Don't miss this chance to own a piece of New Smyrna Beach's coveted North Causeway.

Location Insight

City

New Smyrna Beach

County

Volusia

State

Florida

Latitude

29.0366

Longitude

-80.9097

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