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.