209 Downing StNew Smyrna Beach, FL 32168

Property Details for 209 Downing St

Year built

1915

Construction

WOOD

Lot size

0.10 AC

Property size (Sq ft)

936 SF

Zone code

B1

Property type

Investment properties

Property subtype

Retail residential properties

APN

7441-38-08-1380

APU

744138081380

Description

This delightful 1,128 square foot mixed-use property, located at 209 Downing Street in New Smyrna Beach, Florida, presents a unique investment opportunity. Built in 1915, this Craftsman-style cottage boasts a prime location just one block from Canal Street, placing it in the heart of the city's vibrant business district. The property features a spacious layout including reception/living, dining, and family rooms, complemented by a full kitchen, two bedrooms, and two bathrooms. Interior laundry adds convenience, while recently refinished Florida Heart of Pine flooring enhances the home's character. A parking area is situated behind the property. Significant recent improvements include a new roof installed in 2022 and a brand-new air conditioning system in July 2024. The property sits on a 4,499.75 square foot lot and is connected to city water. The asking price is $558,000. Seller financing options are available; please inquire for details. All information is deemed accurate but should be verified by the buyer. This property's mixed-use zoning allows for both residential and commercial use, making it ideal for a live-work arrangement or a savvy investment strategy.

• CAP approach

  CAP return

  Valuation

  6%

  $275,766

  6.5%

  $254,554

  7%

  $236,371

• Comparable approach

  Method

  Valuation

  Relative Method

  $249,145

  Geo Method

  $161,953

• Alternative Use

  Use

  Valuation

  Residential

  $254,554

  Hospitality

  $233,170

  Educational

  $193,995

  Medical

  $200,666

  Retail

  $301,769

Location Insight

City

New Smyrna Beach

County

Volusia

State

Florida

Latitude

29.0242

Longitude

-80.9226

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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