Prime Commercial Opportunity: Endless Potential in New Smyrna Beach
1650 S Atlantic Ave, New Smyrna Beach, FL
Unlock the potential of this standout commercial property located in the heart of New Smyrna Beach’s booming development corridor. Situated just steps from the beach and surrounded by thriving residential communities, this property offers unmatched flexibility for a variety of ventures, including a beach parking lot/garage, restaurant, or retail shop.
Property Highlights
Size & Layout:
2, 606 sq. ft. under air
5, 498 total sq. ft.
Spacious interior design with flexible-use rooms, offices, restrooms, and break areas, easily adaptable to meet your business needs.
Parking Capacity:
22 existing parking spaces, with potential for expansion or redevelopment into a dedicated beach parking lot or multi-level garage to capitalize on high beach traffic.
Prime Location:
Just off a busy four-lane thoroughfare, ensuring maximum visibility and steady traffic flow.
Steps from the beach and close to a mix of residential and tourist-heavy areas, offering a built-in customer base.
Ideal for a Variety of Uses
The property’s strategic location and B2 zoning provide the flexibility to reimagine the space as:
Beach Parking Lot/Garage: Leverage the proximity to the beach and address the demand for convenient parking solutions in this high-traffic area.
Restaurant: Utilize the existing layout or redevelop to create a dining destination with a prime location for beachgoers and locals alike.
Retail Shop: From apparel and surf gear to boutique stores, this location offers excellent visibility and accessibility for retail success.
Development-Ready
Comprehensive surveys, environmental studies, and site plans are completed, making it easier to transition into your vision. The property’s robust construction and ample footprint provide an ideal foundation for creative redevelopment projects.
Unparalleled Accessibility
Convenient Access:
I-95, Edgewater, and Port Orange are within a 15-minute drive.
Daytona International Airport and Daytona International Speedway are only 30 minutes away.
High-Traffic Area: Surrounded by both locals and visitors drawn to the beach, ensuring consistent foot and vehicle traffic year-round.
Why This Property?
Premier location with high visibility.
Flexible zoning for diverse uses.
Immediate occupancy available with no lease in place.
Exceptional opportunity to capitalize on New Smyrna Beach’s continued growth and popularity.
Turn Potential Into Reality
Whether you envision a profitable beach parking lot, a bustling restaurant, or a thriving retail shop, this property is your blank canvas in a high-demand area. Schedule a tour today and make 1650 S Atlantic Ave the foundation of your next successful venture.
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Our Executive Mortgage Banker:
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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** | 6.875% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.148% | 6.760% | 6.806% |
Monthly Tax Payment | $1,995 | $1,995 | $1,995 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,985 | $9,733 | $13,346 |
Total Monthly Payment | $12,105 | $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.