401 Flagler AveNew Smyrna Beach, FL 32169

Property Details for 401 Flagler Ave

Year built

1910

Construction

WOOD

Lot size

0.40 AC

Property size (Sq ft)

1,044 SF

Zone code

B1

Property type

Retail properties

Property subtype

Retail space

APN

7455-08-04-0010

APU

745508040010

Description

This exceptional retail opportunity presents a fully operational coffee shop at 401 Flagler Ave, New Smyrna Beach, Florida, 32169. Currently operating as Luma Cafe, this established business boasts a welcoming atmosphere and a reputation for high-quality coffee and beverages. The cafe is situated in a prime location in the heart of New Smyrna Beach, offering excellent visibility and foot traffic. The asking price for this lease is $15,000. The property is a retail space, perfectly suited for a continuation of the current business model or a similar concept. The address is easily accessible and benefits from the high volume of pedestrian and vehicular traffic characteristic of this vibrant beachside community. This presents a unique chance to acquire a turn-key operation in a desirable location, ready for immediate income generation. The space is well-maintained and offers a comfortable environment for customers. The opportunity to lease this established and successful cafe provides a low-risk entry point into the thriving New Smyrna Beach market. This is an ideal investment for an entrepreneur seeking a profitable and established business in a prime location. The property is located in Volusia County, Florida.

• CAP approach

  CAP return

  Valuation

  6%

  $364,638

  6.5%

  $336,589

  7%

  $312,547

• Comparable approach

  Method

  Valuation

  Relative Method

  $451,800

  Geo Method

  $293,685

• Alternative Use

  Use

  Valuation

  Residential

  $283,925

  Hospitality

  $260,074

  Educational

  $216,378

  Medical

  $223,820

  Retail

  $336,589

Location Insight

City

New Smyrna Beach

County

Volusia

State

Florida

Latitude

29.0383

Longitude

-80.8985

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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