1650 Atlantic AveNew Smyrna Beach, FL 32169

Property Details for 1650 Atlantic Ave

Year built

1981

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.03 AC

Property size (Sq ft)

2,606 SF

Zone code

B2

Property type

Banks

APN

7415-04-38-0030

APU

741504380030

Description

This exceptional standalone commercial building, located at 1650 S Atlantic Avenue in New Smyrna Beach, Florida, presents a remarkable investment opportunity. Boasting 5,498 square feet on a 45,001.84 square foot lot, this single-story, 1981-built structure is currently vacant, offering unparalleled flexibility for the discerning buyer. The property's strategic location just off a busy four-lane road ensures high visibility and consistent traffic flow. Its proximity to the beach and numerous residential communities guarantees a robust customer base. Previously a bank, the building features 22 parking spaces and five drive-thru lanes, along with interior spaces including offices, a teller area, restrooms, a break room, and additional adaptable rooms. Comprehensive environmental and survey studies are complete, and site plans are available for potential redevelopment, such as a gas station or convenience store. The B2 zoning allows for a wide array of uses, including but not limited to: bank, restaurant, car wash, art gallery, apparel shop, furniture store, liquor store, medical/dental clinic, office supply store, paint store, and professional offices. Convenient access to I-95, Edgewater, and Port Orange (within 15 minutes) and Daytona International Airport and Speedway (within 30 minutes) further enhances its appeal. The asking price is $2,300,000. This is a chance to establish your business in a thriving coastal market with high visibility and immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $698,034

  6.5%

  $644,339

  7%

  $598,315

• Comparable approach

  Method

  Valuation

  Relative Method

  $465,428

  Geo Method

  $302,544

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,244,940

  Mixed-Use / Specialty

  $646,725

  Hospitality / Lodging

  $480,578

  Office

  $647,760

  Institutional / Educational

  $674,006

  Residential Income

  $788,588

  Multifamily

  $919,831

  Automotive / Energy

  $577,720

  Parking / Income-Based Land

  $194,738

  Restaurant / Food Service

  $346,360

  Healthcare / Senior Housing

  $658,402

Location Insight

City

New Smyrna Beach

County

Volusia

State

Florida

Latitude

29.0261

Longitude

-80.8903

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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