Shopping Strip
300 Flagler Center | Value-Add | Class A+ Location
300 Flagler Ave, New Smyrna Beach, FL 32169
Listing Price: $1,900,000
Investment Overview
Marcus & Millichap is pleased to present an outstanding investment opportunity at 300 Flagler Avenue, New Smyrna Beach, Florida 32169. This property, spanning 4,944 square feet on 0.18 acres, strategically graces the renowned Flagler Avenue. With New Smyrna Beach attracting over 8 million annual visitors, this investment is poised for robust long-term growth.
Benefiting from a daily traffic count exceeding 10,000 vehicles, moving at 20 MPH, the property enjoys year-round visibility to both local residents and tourists. Immediate value-add prospects are inherent, including leasing vacant spaces and optimizing rents for tenants currently below market rates as their leases mature. Furthermore, it holds a prime location alongside esteemed local retailers, such as the Hampton Inn, GoJuice, Tin & Taco, Da Kine Poke Bowls, and more.
This investment opportunity seamlessly combines prime location, high visibility, and immediate value enhancement prospects, positioning 300 Flagler Avenue for success in a thriving locale.
300 Flagler Center | Value-Add | Class A+ Location
Investment Highlights
- PRIME FLAGLER AVENUE LOCATION: Prime spot on Flagler Avenue, attracting 8 million+ annual visitors, with 10,000 daily vehicles at 20MPH for maximum exposure.
- VALUE-ADD OPPORTUNITY WITH MIXED-USE ASPECT: Enhance value by leasing 3,105 GLA, including a retail unit and four 1 Bed/1 Bath Cottages with Airbnb zoning. Diverse investment minimizes risk.
- RARE AIRBNB NIGHTLY RENTAL ZONING: Unique zoning for lucrative Airbnb nightly rentals, distinguishing it in the market.
- PRIVATE DEDICATED PARKING: Rare private parking in New Smyrna Beach adds convenience for patrons.
- OWNER-USER POTENTIAL: Perfect for owner-users, with ground-floor retail and four 1-bed/1-bath cottages for income or a live/work lifestyle.
- CLASS A+ REAL ESTATE | FOOT TRAFFIC HUB: Irreplaceable asset on Flagler Avenue, a foot traffic hub in New Smyrna Beach, perfect for businesses seeking high visibility and foot traffic-driven success.
- THRIVING MARKET & HIGH AVERAGE HOUSEHOLD INCOME: Strategic location in a thriving market with 2.70% annual one-mile population growth, bolstered by an average household income of $92,000+ and a substantial retiree population.
- MINIMAL VACANCY RATES: Submarket boasts an exceptionally low 1.0%+/- average vacancy rate, highlighting strong demand for commercial spaces.
Exclusively Listed By
Financing By
Shopping Strip
300 Flagler Center | Value-Add | Class A+ Location
Listing Price: $1,900,000
Investment Highlights
- PRIME FLAGLER AVENUE LOCATION: Prime spot on Flagler Avenue, attracting 8 million+ annual visitors, with 10,000 daily vehicles at 20MPH for maximum exposure.
- VALUE-ADD OPPORTUNITY WITH MIXED-USE ASPECT: Enhance value by leasing 3,105 GLA, including a retail unit and four 1 Bed/1 Bath Cottages with Airbnb zoning. Diverse investment minimizes risk.
- RARE AIRBNB NIGHTLY RENTAL ZONING: Unique zoning for lucrative Airbnb nightly rentals, distinguishing it in the market.
- PRIVATE DEDICATED PARKING: Rare private parking in New Smyrna Beach adds convenience for patrons.
- OWNER-USER POTENTIAL: Perfect for owner-users, with ground-floor retail and four 1-bed/1-bath cottages for income or a live/work lifestyle.
- CLASS A+ REAL ESTATE | FOOT TRAFFIC HUB: Irreplaceable asset on Flagler Avenue, a foot traffic hub in New Smyrna Beach, perfect for businesses seeking high visibility and foot traffic-driven success.
- THRIVING MARKET & HIGH AVERAGE HOUSEHOLD INCOME: Strategic location in a thriving market with 2.70% annual one-mile population growth, bolstered by an average household income of $92,000+ and a substantial retiree population.
- MINIMAL VACANCY RATES: Submarket boasts an exceptionally low 1.0%+/- average vacancy rate, highlighting strong demand for commercial spaces.
Investment Overview
Marcus & Millichap is pleased to present an outstanding investment opportunity at 300 Flagler Avenue, New Smyrna Beach, Florida 32169. This property, spanning 4,944 square feet on 0.18 acres, strategically graces the renowned Flagler Avenue. With New Smyrna Beach attracting over 8 million annual visitors, this investment is poised for robust long-term growth. Benefiting from a daily traffic count exceeding 10,000 vehicles, moving at 20 MPH, the property enjoys year-round visibility to both local residents and tourists. Immediate value-add prospects are inherent, including leasing vacant spaces and optimizing rents for tenants currently below market rates as their leases mature. Furthermore, it holds a prime location alongside esteemed local retailers, such as the Hampton Inn, GoJuice, Tin & Taco, Da Kine Poke Bowls, and more. This investment opportunity seamlessly combines prime location, high visibility, and immediate value enhancement prospects, positioning 300 Flagler Avenue for success in a thriving locale.
Exclusively Listed By
Financing By
