$1,899,000

1100 E 5th Avenue

New Smyrna Beach FL, 32169

Description

Ocean front multi-family property positioned for development along with adjacent property 1409 Hill St. Zoned B-4 Commercial, which allows Hotel/Motel, Condo, Restaurant, Retail, Prof Services. Income producing (Coronado Beach-side)Centrally located in busiest part of Central Beach sideUntil a few years ago this was a popular Vacation Rental with a number of repeat Guests. Currently 100% occupied with annual tenants. 3 Central Air/heat air conditioning Systems, 4 Laundry rooms. Penthouse and ground floor units have million dollar views of the Atlantic Ocean and beach, they have remodeled baths and kitchens, Tiled floors. street side of the 2 story building is a 2 story Townhouse with 2 patios. And a perfect Guest house for visitors or staff, with Cathedral ceilings.Adjacent property also for sale. Equalling 100 feet of Oceanfront and according to deed it goes to High Tide.

Details

MLS#1041033
StyleHospitality
Sub-TypeResale
StatusActive
Year1977
Days On Site138

Features

SQ Feet5,595
Story(s)1
Units4
ZoningMFR

Loading Form

Loading Form

Area Information

StateFL
CountyVolusia
CityNew Smyrna Beach
Zip Code32169
AreaVolusia
Listing VS Median (in 32169)
Price:
$1,899,000
low | high
Med:
$381,950
100% of Average
SqFt:
5,595
low | high
Med:
1,248
100% of Average
$ / SqFt:
$339
low | high
Med:
$307
59.413133182158% of Average
On Site:
138
low | high
Med:
78
100% of Average
Listing Updated: 09/19/2019
MLS Number: 1041033
Listing Provided By:
Mary Ann Dewitt  of  Collado Real Estate