Discover a prime investment opportunity at 1650 S Atlantic Ave, New Smyrna Beach, FL. This standalone commercial building offers 2, 606 sq ft under air and 5, 498 total sq ft, strategically located just off a high-traffic, four-lane thoroughfare. Situated at the heart of explosive growth in the New Smyrna Beach area, the property enjoys close proximity to the beach and various residential communities, making it an ideal spot for businesses. The former bank building boasts solid construction with 22 parking spaces and 5 drive-thru lanes. Inside, you'll find offices, a teller area, restrooms, a break room, and additional flexible-use rooms. Comprehensive survey and environmental studies have been completed, and site plans are available for potential future use as a gas station or convenience store. The B2 zoning allows for a variety of uses, including but not limited to: a bank, restaurant, car wash, art gallery, apparel shop, furniture store, liquor store, medical/dental clinic, office supply store, paint store, and professional offices. Accessibility is a major advantage of this property, with I-95, Edgewater, and Port Orange all within a 15-minute drive. Key destinations like the Daytona International Airport and Daytona International Speedway are only 30 minutes away. This prime location, combined with high visibility and steady traffic from beachgoers and locals, ensures a consistent customer base. With no current lease in place, you have the flexibility to implement your vision immediately. This property presents an exceptional opportunity to transform a versatile commercial space in a thriving market.
Seize this opportunity to make 1650 S Atlantic Ave the cornerstone of your next successful venture.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,900,000
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 | $1,520,000 | $1,520,000 | $1,520,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $1,995 | $1,995 | $1,995 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,859 | $9,733 | $13,346 |
Total Monthly Payment | $11,979 | $11,853 | $15,466 |
* 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.