Log In/Sign Up
Your email has been sent.
763 E 3rd Ave
New Smyrna Beach, FL 32169
New Smyrna Beach · Retail Property For Sale
Investment Highlights
- Coastal Appeal & Tourist Destination: New Smyrna Beach is a highly desirable coastal destination, attracting more than 400,000 visitors annually.
- Limited Dispensary Competition: There are ZERO dispensaries within five miles of your MÜV site to compete with, creating a unique advantage.
- Corporate-owned Publix: The property functions as an outparcel to a corporately owned, Publix-anchored shopping center.
Executive Summary
STNL.com is pleased to present this 100% fee simple STNL MUV cannabis dispensary in New Smyrna Beach, FL, strategically located in a high-tourism coastal market with strong demand from both local residents and year-round visitors. Four reasons to own this property include:
1. Premier Destination: New Smyrna Beach is a popular coastal destination known for its accessible Atlantic beaches, relaxed surf culture, and vibrant waterfront atmosphere. Flagler Avenue anchors the local retail and dining scene, attracting consistent foot traffic from both residents and tourists and driving strong demand for nearby commercial properties.
2. Publix-anchored shopping center providing daily-needs retail that generates consistent customer traffic for surrounding businesses. Publix corporate has owned the Indian River Shopping Center since 2016, underscoring long-term commitment to the center and supporting sustained customer volumes within a stable, wellestablished retail corridor.
3. Limited Competition: With zero dispensaries within a five-mile radius, the MÜV site is well positioned to capture unmet demand and establish a strong local market presence. The location benefits from strong exposure and steady foot traffic generated by nearby residential density and visitor activity, supporting consistent customer flow.
4. Lease Fundamentals: Newly renovated roof combined with a long-term lease featuring over 13 years of remaining term and 3% annual rent increases. Absolute net lease structure with zero landlord responsibilities, providing stable and predictable income.
1. Premier Destination: New Smyrna Beach is a popular coastal destination known for its accessible Atlantic beaches, relaxed surf culture, and vibrant waterfront atmosphere. Flagler Avenue anchors the local retail and dining scene, attracting consistent foot traffic from both residents and tourists and driving strong demand for nearby commercial properties.
2. Publix-anchored shopping center providing daily-needs retail that generates consistent customer traffic for surrounding businesses. Publix corporate has owned the Indian River Shopping Center since 2016, underscoring long-term commitment to the center and supporting sustained customer volumes within a stable, wellestablished retail corridor.
3. Limited Competition: With zero dispensaries within a five-mile radius, the MÜV site is well positioned to capture unmet demand and establish a strong local market presence. The location benefits from strong exposure and steady foot traffic generated by nearby residential density and visitor activity, supporting consistent customer flow.
4. Lease Fundamentals: Newly renovated roof combined with a long-term lease featuring over 13 years of remaining term and 3% annual rent increases. Absolute net lease structure with zero landlord responsibilities, providing stable and predictable income.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
3,005 SF
Building Class
B
Year Built/Renovated
1983/2025
Price
$2,665,000
Price Per SF
$886.86
Cap Rate
7%
NOI
$186,483
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.83 AC
Zoning
10B5 - The B5, planned shopping center district Zoning allows for a variety of uses.
Parking
19 Spaces (6.32 Spaces per 1,000 SF Leased)
Frontage
70’ on East 3rd Avenue
Amenities
- Pylon Sign
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 7416-00-00-0314 | Improvements Assessment | $525,649 |
| Land Assessment | $723,100 | Total Assessment | $1,248,749 |
Property Taxes
Parcel Number
7416-00-00-0314
Land Assessment
$723,100
Improvements Assessment
$525,649
Total Assessment
$1,248,749
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
