314 Flagler Ave - Storefront FOR SALE


New Smyrna Beach, FL 32169
$1,990,000 USD
386-401-8008
314 Flagler Ave, New Smyrna Beach, FL for Sale
$1,990,000 USD
Storefront - FOR SALE
1/43
null | Request Cap Rate

NEW


314 Flagler Ave
New Smyrna Beach, FL 32169


HIGHLIGHTS

  • Stabilized High-Yield Investment with Strong Upside
  • Renovated Mixed-Use Asset with Rare Redevelopment Advantage
  • Prime Flagler Avenue Location | 5 Blocks from the Ocean

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,990,000 USD

PRICE/SF

$1,109 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Bar, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,899 SF

ZONING

10B1

APN/PARCEL ID

7455-09-00-0200

ASK ABOUT THIS PROPERTY

Ignacio BarsottelliCollado Real EstateMore Info
386-401-8008

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Ignacio BarsottelliCollado Real EstateMore Info
386-401-8008

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.