Prime Flagler Avenue Mixed-Use Investment | Stabilized Income + Upside
Exceptional income-producing mixed-use commercial asset located in the heart of Flagler Avenue, New Smyrna Beach’s premier entertainment and tourism corridor, just five blocks from the Atlantic Ocean. The property benefits from one of the area’s strongest pedestrian traffic environments, with over 8 million annual visitors to NSB and year-round events driving consistent demand.
The fully renovated building is leased to a well-established, top-performing restaurant and cigar lounge, featuring refined interior finishes, premium wood accents, a dedicated humidor room, and an upper-level balcony overlooking Flagler Avenue. The tenant maintains a strong reputation with consistent 5-star reviews, experienced management, and loyal clientele, enhanced by live music programming and on-site valet service.
The investment offers stable cash flow with built-in growth, generating $14,500 per month in base rent with 3% annual escalations, providing predictable income in a high-barrier coastal market. More than $300,000 in recent capital improvements include a new interior bar, expanded outdoor dining, ADA-compliant restroom, and upgraded mechanical systems.
Zoned mixed-use and grandfathered for potential multi-story redevelopment, the property offers rare future flexibility along one of the most desirable commercial corridors in New Smyrna Beach. Surrounded by boutique retail, restaurants, nightlife, and cultural attractions, this asset presents a compelling opportunity for investors seeking long-term stability, low vacancy risk, and future upside in a premier coastal location.