Important Notice: Please do not attempt to walk the property or approach customers and employees without an appointment.
Introducing a rare opportunity to own a versatile 3, 888 SQFT multi-use property just one lot from the ocean in beautiful New Smyrna Beach. This unique property offers commercial space on the ground floor and living above. The sale includes an existing business, with half of the commercial area currently operating as a boutique grocery and bait & tackle shop. The remaining commercial space is available for build-out and expansion, providing endless possibilities for growth.
The upstairs features a spacious 5-bedroom, 3. 5-bath residence with stunning ocean views, both from within and from newly added balconies. As one of the few commercial properties in this desirable part of New Smyrna Beach, the location enjoys a loyal customer base of locals, fishermen, and beachgoers. The property is situated near a popular county park, the Canaveral National Seashore, and one of the most renowned waterfront seafood destinations in the area.
This property is a true income producer, with options to lease commercial space, operate the business while living upstairs, or expand the existing commercial footprint.
Exciting Opportunity: The adjacent land to the east is also available for purchase, and both sellers are open to considering a simultaneous transaction. This presents a unique chance to expand your footprint and maximize the potential of this prime location.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,950,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,560,000 | $1,560,000 | $1,560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.343% | 6.876% | 6.725% |
Monthly Tax Payment | $845 | $845 | $845 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,989 | $10,118 | $13,589 |
Total Monthly Payment | $10,958 | $11,087 | $14,558 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.