1310 Canal StNew Smyrna Beach, FL 32168

Property Details for 1310 Canal St

Year built

1955

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.09 AC

Property size (Sq ft)

2,192 SF

Zone code

B5

Property type

Retail properties

Property subtype

Retail space

APN

7419-03-00-0121

APU

741903000121

Description

This exceptional retail property, located at 1310 Canal Street in New Smyrna Beach, Florida, presents a compelling investment opportunity. The 2,100 square foot building, constructed in 1955, sits on a 4,133.84 square foot lot and is zoned B-5, Planned Shopping Center District, making it ideal for a variety of retail uses. Its strategic location at a high-traffic intersection ensures excellent visibility and consistent foot traffic. The building itself is a concrete block structure built on a slab foundation and features central air conditioning. A fenced rear storage area with washer/dryer hookups provides added convenience and security. The property benefits from its proximity to residential areas, schools, restaurants, and other businesses, guaranteeing a steady stream of potential customers. The building's captivating front view overlooking W. Canal further enhances its appeal. This property is priced at $460,000 and offers a rare chance to acquire a well-situated retail space in a thriving Florida community. The property's history as a successful business hub, combined with its desirable location and features, makes it an attractive investment for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $765,600

  6.5%

  $706,708

  7%

  $656,228

• Comparable approach

  Method

  Valuation

  Relative Method

  $948,607

  Geo Method

  $616,626

• Alternative Use

  Use

  Valuation

  Residential

  $596,134

  Hospitality

  $546,056

  Educational

  $454,312

  Medical

  $469,936

  Retail

  $706,708

Location Insight

City

New Smyrna Beach

County

Volusia

State

Florida

Latitude

29.0175

Longitude

-80.9373

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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