300 Causeway Dr | New Smyrna Beach, FL 32169
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300 Causeway Dr
New Smyrna Beach, FL 32169
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- PRIME LOCATION: North Causeway Bridge links mainland to New Smyrna Beach, welcoming 8M+ visitors and 10,000+ daily vehicles.
- CLASS A+ REAL ESTATE: Irreplaceable coastal property with an extra parcel for ample parking, amidst $3M+ coastal home values.
- THRIVING MARKET: 2% annual one-mile population growth reaffirms the property's position in a major growth market.
- VALUE-ADD OPPORTUNITY: Immediate potential for increased returns through leasing vacant spaces, raising below-market rents, and converting to NNNs.
- STRONG INCOME POTENTIAL: Full occupancy delivers an impressive annual net return of $181,511, with room for growth through rent escalations.
- HIGH AVERAGE HOUSEHOLD INCOME: One-mile radius with an annual income exceeding $87,000 with minimal vacancy rates at 1.4%.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
6,575 SF
Building Class
C
Year Built
1957
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
0.45 AC
Zoning
CG - Community Shopping Centers
Frontage
75’ on Causeway BLVD
AMENITIES
- Corner Lot
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 7417-02-00-0200 | Improvements Assessment | $636,257 |
| Land Assessment | $160,313 | Total Assessment | $796,570 |
PROPERTY TAXES
Parcel Number
7417-02-00-0200
Land Assessment
$160,313
Improvements Assessment
$636,257
Total Assessment
$796,570
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