6495 Turtlemound RdNew Smyrna Beach, FL 32169

Property Details for 6495 Turtlemound Rd

Year built

1985

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.23 AC

Property size (Sq ft)

3,888 SF

Zone code

B4

Property type

Retail properties

Property subtype

Retail space

APN

8505-01-33-0730

APU

850501330730

Description

This exceptional New Smyrna Beach property presents a rare investment opportunity. Located just one lot from the ocean at 6495 Turtlemound Rd, this 3,888 square foot multi-use building offers a unique blend of commercial and residential space. The ground floor currently houses a thriving boutique grocery and bait & tackle shop, occupying half of the available commercial area. The remaining commercial space provides significant potential for expansion or leasing, catering to the area's strong local customer base of residents, fishermen, and beachgoers. Upstairs, a spacious 5-bedroom, 3.5-bathroom residence boasts stunning ocean views, enhanced by recently added balconies. This prime location benefits from proximity to a popular county park, the Canaveral National Seashore, and renowned waterfront restaurants. The property is a proven income generator, offering flexibility to lease commercial space, operate the existing business while residing upstairs, or expand the commercial footprint. Furthermore, the adjacent lot to the east is also available for purchase, presenting a unique chance to significantly expand the property's potential. This is a truly exceptional opportunity to acquire a versatile, income-producing property in a highly desirable coastal location. The asking price is $1,950,000. The property is situated in Volusia County, Florida, zip code 32169.

• CAP approach

  CAP return

  Valuation

  6%

  $1,357,962

  6.5%

  $1,253,503

  7%

  $1,163,967

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,682,565

  Geo Method

  $1,093,724

• Alternative Use

  Use

  Valuation

  Residential

  $1,057,377

  Hospitality

  $968,551

  Educational

  $805,823

  Medical

  $833,537

  Retail

  $1,253,503

Location Insight

City

New Smyrna Beach

County

Volusia

State

Florida

Latitude

28.9543

Longitude

-80.8422

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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