429 E 3RD Avenue New Smyrna Beach, FL ^$ 17,500,000

429 E 3RD Avenue

^$ 17,500,000

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429 E 3RD Avenue

New Smyrna Beach, FL, 32169

^$ 17,500,000

Studio Baths0.0 Sq 562,740

Monthly Estimate*

^$ 122,243

429 E 3RD Avenue, New Smyrna Beach, FL 32169 - Image 1

429 E 3RD Avenue, New Smyrna Beach, FL 32169 - Image 2

429 E 3RD Avenue, New Smyrna Beach, FL 32169 - Image 3

429 E 3RD Avenue, New Smyrna Beach, FL 32169 - Image 4

429 E 3RD Avenue, New Smyrna Beach, FL 32169 - Image 5

429 E 3RD Avenue, New Smyrna Beach, FL 32169 - Image 6

429 E 3RD Avenue, New Smyrna Beach, FL 32169 - Image 7

429 E 3RD Avenue, New Smyrna Beach, FL 32169 - Image 8

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Studio

Commercial Property for sale in New Smyrna Beach, FL

for $17,500,000. This 562,740 square foot building was built in 2023 on a lot size of 11.73.

Waterfront beachside Intracoastal access development opportunity just east of the New Smyrna Beach Intracoastal Waterway bridge on the south side of 3rd Avenue with approximately 1,000 ft of waterfront. Fully entitled for a Hyatt Place PUD site plan no. sp-30-18 good through 8-4-25. Prime location on A1A/3rd Ave overlooking the Intracoastal Waterway access and Indian River Lagoon estuary. This is the primary beach access from the Orlando Metro Area. This property is the gateway to New Smyrna Beach and the 3rd Avenue business district which features shopping, dining, entertainment, nearby historic Canal St and Flagler Ave. It is located a short walk to the Atlantic Ocean beaches, 20 minutes to Daytona International Airport, 1 hour to Orlando Airport and attractions. New Smyrna Beach is voted BEST BEACH for 8 years in a row by readers of Orlando Sentinel and is well known for its abundant fishing coves. This site has been identified by the city of New Smyrna as having a high priority for redevelopment. This is a great opportunity to develop in a rapidly growing Central Florida beach market. Includes parcels #741605240102, 741506240101, 741600030010.

Commercial Active

Price

^$ 17,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 33,357

Style

Commercial

Lot Size

11.73

Year Built

2023

Town/City

New Smyrna Beach

County/Region

Volusia

MLS | Web ID

O6159759

Features

General

Cooling None

Zoning PUD

Construction Materials Other

Year Built 2023

View Canal Intercoastal Lagoon River Water

Property SubType HotelMotel

Tax Year 2022

Waterfront Features RiverAccess

Additional Parcels Description 741605240102

County Volusia

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Facing Direction North

Garage Y/N N

Special Listing Conditions None

Status Active

Directions SR 44 East to beachside. Go over the Intracoastal Waterway Bridge after 1st light it is on the right past Dunkin Donuts before Starbucks. (3rd Ave is A1A or Atlantic Ave.)

City NEW SMYRNA BEACH

View Y/N Y

Senior Community Y/N N

MLS Area 32169 - New Smyrna Beach

Lot Size Square Feet 562740.0

Private Pool N

Waterfront Y/N Y

Carport Y/N N

Street Name 3RD

Property Attached Y/N N

Land Lease Y/N N

Tax Annual Amount 33357.0

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N Y

Lease Considered Y/N N

Rent Control Y/N N

Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6159759

Standard Status Active

Tax Lot 0100

Property Sub Type Additional HotelMotel

Legal Description 16-17-34 PORTION OF LOTS 9 THRU 11 BLK 24 DETWILERS 1ST ADDI TION NEW SMYRNA BEACH MB 7 PG 85 MB 22 PG 129 & INC PORTION OF GOVT LOT 5 AS DESCRIBED IN OR 7612 PG 2206 PER OR 5672 PG

Exterior

Lot Size Area 11.73

Foundation Details Other

Spa N

Building Area Total 562740.0

Lot Size Acres 11.73

Road Surface Type Asphalt

Lot Size Units Acres

Road Frontage Type StateRoad

Number of Lots 2

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Electric On Property Y/N N

Total Baths 0

Living Area Units SquareFeet

Internal Only

Street Number 1 429

* Excluded Features

List By

Collado Real Estate

Broker

pat@colladorealestate.com

Affordability Calculator

$125,022

Per Month

Monthly Principal & Interest: $122,243
Monthly Property Taxes: $2,780
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in New Smyrna Beach, FL

Average List Price ^$3,426,015

Percent of Sale Price 80%

About New Smyrna Beach, FL

27,784 Population

22% Since 2002

^$52,504 Median Income

55.1 Median Age

14% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2071581 Elementary School

2071582 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/7/2024	$17,500,000	-2.78%	Price Down
12/12/2023	$18,000,000		Listed Price

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429 E 3RD Avenue, New Smyrna Beach, FL, 32169 is a Commercial Property for sale at $17,500,000 with 562,740 sqft and a lot size of 11.73. 429 E 3RD Avenue is a studio with 0.0 baths and was built in 2023. The property's zip code is 32169 which is in New Smyrna Beach, FL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale/lease on this web site come in part from the New Smyrna Beach Board of REALTORS® Multiple Listing Service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS’s database, or all of the properties listed with the Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with the MLS IDX logo. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein or for their use or interpretation by the user. Federal law prohibits discrimination on the basis of race, color, sex, religion, handicap, familial status or national origin in the sale, rental or financing of housing.

This data updated periodically, at an interval not to exceed 7 days.

IDX information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available.

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429 E 3RD Avenue

Commercial Property for sale in New Smyrna Beach, FL

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