Shopping Neighborhood
300 North Causeway | Value-Add | A+ Location
300 Causeway N, New Smyrna Beach, FL 32169
Listing Price: $1,475,000
Investment Overview
Marcus & Millichap proudly presents an outstanding investment opportunity at 300 North Causeway, New Smyrna Beach, Florida 32169. This property boasts a substantial net leasable area of 6,575 square feet on 0.45 acres and strategically occupies a prime location just across the bridge from Flagler Avenue. With New Smyrna Beach attracting approximately 8 million annual visitors, this investment opportunity offers significant long-term growth potential.
One of the property's key strengths is its unparalleled visibility, with daily traffic exceeding 10,000 vehicles. This visibility ensures that the property captures the attention of both local residents and tourists, making it an attractive proposition for tenants. Investors can capitalize on immediate value-add prospects by leasing vacant spaces and optimizing rents for tenants currently operating below market rates as leases mature.
Furthermore, the property benefits from its strategic position alongside popular local retailers, including The Marine Discovery Center, Saltwater Yoga, Wake Up Café, New Smyrna Marina, Outriggers Tiki Bar and Grill, and Stoked Poke. This strategic alignment enhances the property's appeal and underscores its potential for success in the thriving New Smyrna Beach market.
300 North Causeway | Value-Add | A+ Location
Investment Highlights
- PRIME LOCATION: North Causeway Bridge links mainland to New Smyrna Beach, welcoming 8M+ visitors and 10,000+ daily vehicles.
- VALUE-ADD OPPORTUNITY: Immediate potential for increased returns through leasing vacant spaces, raising below-market rents, and converting to NNN arrangements.
- CLASS A+ REAL ESTATE: Irreplaceable coastal property with an extra parcel for ample parking, amidst $3M+ coastal home values.
- STRONG INCOME POTENTIAL: Full occupancy delivers an impressive annual net return of $181,511, with room for growth through rent escalations.
- THRIVING MARKET: 2% annual one-mile population growth reaffirms the property's position in a major growth market.
- HIGH AVERAGE HOUSEHOLD INCOME: One-mile radius boasts an annual income exceeding $87,000, supported by a substantial retiree population.
- MINIMAL VACANCY RATES: Submarket maintains a low 1.4% vacancy rate, reflecting strong demand for commercial spaces.
Exclusively Listed By
Financing By
Shopping Neighborhood
300 North Causeway | Value-Add | A+ Location
Listing Price: $1,475,000
Investment Highlights
- PRIME LOCATION: North Causeway Bridge links mainland to New Smyrna Beach, welcoming 8M+ visitors and 10,000+ daily vehicles.
- VALUE-ADD OPPORTUNITY: Immediate potential for increased returns through leasing vacant spaces, raising below-market rents, and converting to NNN arrangements.
- CLASS A+ REAL ESTATE: Irreplaceable coastal property with an extra parcel for ample parking, amidst $3M+ coastal home values.
- STRONG INCOME POTENTIAL: Full occupancy delivers an impressive annual net return of $181,511, with room for growth through rent escalations.
- THRIVING MARKET: 2% annual one-mile population growth reaffirms the property's position in a major growth market.
- HIGH AVERAGE HOUSEHOLD INCOME: One-mile radius boasts an annual income exceeding $87,000, supported by a substantial retiree population.
- MINIMAL VACANCY RATES: Submarket maintains a low 1.4% vacancy rate, reflecting strong demand for commercial spaces.
Investment Overview
Marcus & Millichap proudly presents an outstanding investment opportunity at 300 North Causeway, New Smyrna Beach, Florida 32169. This property boasts a substantial net leasable area of 6,575 square feet on 0.45 acres and strategically occupies a prime location just across the bridge from Flagler Avenue. With New Smyrna Beach attracting approximately 8 million annual visitors, this investment opportunity offers significant long-term growth potential. One of the property's key strengths is its unparalleled visibility, with daily traffic exceeding 10,000 vehicles. This visibility ensures that the property captures the attention of both local residents and tourists, making it an attractive proposition for tenants. Investors can capitalize on immediate value-add prospects by leasing vacant spaces and optimizing rents for tenants currently operating below market rates as leases mature. Furthermore, the property benefits from its strategic position alongside popular local retailers, including The Marine Discovery Center, Saltwater Yoga, Wake Up Café, New Smyrna Marina, Outriggers Tiki Bar and Grill, and Stoked Poke. This strategic alignment enhances the property's appeal and underscores its potential for success in the thriving New Smyrna Beach market.
Exclusively Listed By
Financing By
