801 Canal St - Office/Residential FOR SALE


New Smyrna Beach, FL 32168- Inwood New Smyrna
$1,095,000 USD
386-401-8008
801 Canal St, New Smyrna Beach, FL for Sale
$1,095,000 USD
Office/Residential - FOR SALE
1/42
null | 9.06% Cap Rate

801 Canal St
New Smyrna Beach, FL 32168
Inwood New Smyrna


HIGHLIGHTS

  • 3 large independent units providing flexibility for different business models.
  • Completely remodeled with exquisite decoration and high-end finishes.
  • Generates over $130,000 annually from short-term rentals.
  • Spacious layout with 7 bedrooms, 5 1/2 bathrooms.

OVERVIEW

Presenting 801 Canal Street – a rare, income-producing mixed-use asset located on one of the most heavily trafficked and visible corners in New Smyrna Beach. This single-story property spans 0.79 acres, zoned for mixed use, and is currently generating $9,100/month ($109,200/year) from a diversified group of tenants, including medical office, short-term rentals, storage units, and processing facilities. With NOI estimated at $99,200, this opportunity offers a strong 9.06% cap rate at the asking price of $1,095,000. The layout includes 7 bedrooms, 5 1/2 bathrooms, multiple parking areas, and surplus land for potential expansion or value-add development (pool, additional structures, or more square footage). Located just minutes from the Intracoastal, Flagler Avenue, and the Atlantic Ocean, this property offers unmatched exposure and proximity to NSB’s booming commercial and tourism districts. Ideal for 1031 exchange buyers, owner-users, or investors seeking steady income + long-term upside. Based on traffic studies and local planning documents, Canal Street (which carries State Road 44 Business through downtown New Smyrna Beach) is one of the city’s most heavily trafficked thoroughfares—especially within the historic Canal Street Commercial District, noted for “strong traffic counts” and “high daytime population” Owner Financing Available. Motivated Seller. Schedule your private tour today.

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$548 USD /SF

CAP RATE

9.06%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential, Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

10B2

APN/PARCEL ID

7418-08-33-0090

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 Policy.