765 3Rd AveNew Smyrna Beach, FL 32169

Property Details for 765 3Rd Ave

Year built

1978

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.60 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,091,119

  6.5%

  $1,007,187

  7%

  $935,245

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,351,938

  Geo Method

  $878,805

• Alternative Use

  Use

  Valuation

  Residential

  $849,600

  Hospitality

  $778,229

  Educational

  $647,477

  Medical

  $669,745

  Retail

  $1,007,187

Location Insight

City

New Smyrna Beach

County

Volusia

State

Florida

Latitude

29.0284

Longitude

-80.8937

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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