1311 Dixie FwyNew Smyrna Beach, FL 32168

Property Details for 1311 Dixie Fwy

Year built

1959

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.56 AC

Property size (Sq ft)

3,720 SF

Property type

Retail properties

Property subtype

Gas stations

APN

7438-14-00-0010

APU

743814000010

Description

This exceptional 16,500-square-foot special purpose property, located at 1311 N Dixie Fwy, New Smyrna Beach, FL 32168, presents a unique investment opportunity. The entire building, encompassing 16,500 square feet, is currently vacant and available for lease. Situated on a substantial 2.6-acre lot, this multi-tenant property boasts over 400 feet of frontage on US 1, providing excellent visibility and ample space for signage and display. The expansive site includes over 120 parking spaces, offering convenient parking for tenants and visitors, as well as significant outdoor storage potential. The building is zoned B3 and features 400-amp 3-phase power, making it suitable for a variety of uses. Its location in the New Smyrna Beach submarket, with convenient access via Industrial Park Ave, offers excellent accessibility. The property's versatility and substantial size make it ideal for a range of businesses seeking office, warehouse, or storage space. The large parking area and prominent road frontage provide significant advantages for businesses requiring high visibility and ample parking. This is a rare opportunity to acquire a substantial, versatile commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,299,284

  6.5%

  $1,199,339

  7%

  $1,113,672

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,609,862

  Geo Method

  $1,046,464

• Alternative Use

  Use

  Valuation

  Residential

  $1,011,688

  Hospitality

  $926,700

  Educational

  $771,004

  Medical

  $797,520

  Retail

  $1,199,339

Location Insight

City

New Smyrna Beach

County

Volusia

State

Florida

Latitude

29.0479

Longitude

-80.9352

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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