Shopping Strip
102 North Pine Street | Retail & Airbnb | Class A+ Location
102 N Pine St, New Smyrna Beach, FL 32169
Listing Price: $1,075,000
Investment Overview
Marcus & Millichap is pleased to present a prime investment at 102 North Pine Street, New Smyrna Beach, FL 32169. This property, near Flagler Avenue, offers a substantial 2247 SF of leasable space on 0.06 acres, with access to New Smyrna Beach's 8 million annual visitors.
With daily traffic over 10,000 vehicles at 20 MPH, it enjoys high visibility and MAJOR Foot Traffic. Immediate potential includes leasing vacant spaces and optimizing rents for below-market tenants.
In a prime location with coastal home values averaging $3 million, it's Class A+ real estate. Full occupancy yields impressive annual returns, with room for growth through rent escalations and higher Airbnb occupancy.
In a thriving market with a one-mile population growing at 2.70% annually and an average household income exceeding $92,000, this property promises success. Its low average vacancy rate reflects strong demand for commercial spaces.
Investors and owner-users can secure this strategic asset in New Smyrna Beach's dynamic market. With immediate value-add potential, strong income prospects, and a diversified mixed-use aspect, 102 North Pine Street thrives in a coastal community.
102 North Pine Street | Retail & Airbnb | Class A+ Location
Investment Highlights
- PRIME LOCATION: Pine Street access to Flagler Avenue, attracting 8M+ visitors annually to New Smyrna Beach. 10,000 daily traffic with 20MPH speed limit maximizes exposure.
- VALUE-ADD OPPORTUNITY: 2,247 GLA with retail unit/Patio and Airbnb-approved cottage diversify investment, reducing risk.
- RARE AIRBNB NIGHTLY RENTAL ZONING: Unique and lucrative property feature in the market.
- OWNER-USER POTENTIAL: Ground-floor retail for entrepreneurial dreams, with an additional 2-bed/1-bath cottage for income or live/work lifestyle.
- CLASS A+ REAL ESTATE | FOOT TRAFFIC HUB: Unbeatable location near bustling Flagler Avenue, prime for businesses seeking maximum visibility and foot traffic success.
- THRIVING MARKET: Strategic position in a high-growth market, with a 2.70% annual population increase within one mile.
- HIGH AVERAGE HOUSEHOLD INCOME: One-mile radius boasts an average income exceeding $92,000, supported by a strong retiree population.
- MINIMAL VACANCY RATES: Submarket maintains a low 1.0% vacancy rate, highlighting robust demand for commercial spaces.
Exclusively Listed By
Financing By
Shopping Strip
102 North Pine Street | Retail & Airbnb | Class A+ Location
Listing Price: $1,075,000
Investment Highlights
- PRIME LOCATION: Pine Street access to Flagler Avenue, attracting 8M+ visitors annually to New Smyrna Beach. 10,000 daily traffic with 20MPH speed limit maximizes exposure.
- VALUE-ADD OPPORTUNITY: 2,247 GLA with retail unit/Patio and Airbnb-approved cottage diversify investment, reducing risk.
- RARE AIRBNB NIGHTLY RENTAL ZONING: Unique and lucrative property feature in the market.
- OWNER-USER POTENTIAL: Ground-floor retail for entrepreneurial dreams, with an additional 2-bed/1-bath cottage for income or live/work lifestyle.
- CLASS A+ REAL ESTATE | FOOT TRAFFIC HUB: Unbeatable location near bustling Flagler Avenue, prime for businesses seeking maximum visibility and foot traffic success.
- THRIVING MARKET: Strategic position in a high-growth market, with a 2.70% annual population increase within one mile.
- HIGH AVERAGE HOUSEHOLD INCOME: One-mile radius boasts an average income exceeding $92,000, supported by a strong retiree population.
- MINIMAL VACANCY RATES: Submarket maintains a low 1.0% vacancy rate, highlighting robust demand for commercial spaces.
Investment Overview
Marcus & Millichap is pleased to present a prime investment at 102 North Pine Street, New Smyrna Beach, FL 32169. This property, near Flagler Avenue, offers a substantial 2247 SF of leasable space on 0.06 acres, with access to New Smyrna Beach's 8 million annual visitors. With daily traffic over 10,000 vehicles at 20 MPH, it enjoys high visibility and MAJOR Foot Traffic. Immediate potential includes leasing vacant spaces and optimizing rents for below-market tenants. In a prime location with coastal home values averaging $3 million, it's Class A+ real estate. Full occupancy yields impressive annual returns, with room for growth through rent escalations and higher Airbnb occupancy. In a thriving market with a one-mile population growing at 2.70% annually and an average household income exceeding $92,000, this property promises success. Its low average vacancy rate reflects strong demand for commercial spaces. Investors and owner-users can secure this strategic asset in New Smyrna Beach's dynamic market. With immediate value-add potential, strong income prospects, and a diversified mixed-use aspect, 102 North Pine Street thrives in a coastal community.
Exclusively Listed By
Financing By
