101-113 Canal Street, New Smyrna Beach, FL 32168 (MLS# 1089888)

101-113 Canal Street, New Smyrna Beach, FL 32168

$1,865,000

Property Type: Commercial Sale Square Footage: 8,160 Lot Size (sq. ft.): 15,682 Status: Closed

Current Price: $1,865,000 List Date: 10/25/2021 Last Modified: 9/28/2024

Overview

Description

Rare Redevelopment Opportunity. 8,160 SF Freestanding Building For Sale in the highly desirable Canal Street Historical District in Downtown New Smyrna Beach. Riverviews from first and second floors. First Floor: 6,840 SF, could potentially be divided into 6 units and converted to restaurant, professional offices, and retail shops. Second Floor: 1,320 SF, could be converted to apartment(s). The property is located at the northwest corner of Canal Street and Riverside Drive. Canal Street is pedestrian-friendly with an eclectic mix of specialty shops and dining. Adjacent on and off street public parking available. Sale subject to County Council approval.

Supplements: 8,160 SF Freestanding Building For Sale on Canal Street First Floor: 6,840 SF Second Floor: 1,320 SF Adjacent on and off street public parking available Sale subject to County Council approval

Listing Details MLS# 1089888

General Property Information

Building Area Total: 8160
Year Built: 1957
Lot Size Acres: 0.36
Lot Size Dimensions: 126x128
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: Located on the northwest corner of Canal Street and Riverside Drive.
Public Remarks: Rare Redevelopment Opportunity. 8,160 SF Freestanding Building For Sale in the highly desirable Canal Street Historical District in Downtown New Smyrna Beach. Riverviews from first and second floors. First Floor: 6,840 SF, could potentially be divided into 6 units and converted to restaurant, professional offices, and retail shops. Second Floor: 1,320 SF, could be converted to apartment(s). The property is located at the northwest corner of Canal Street and Riverside Drive. Canal Street is pedestrian-friendly with an eclectic mix of specialty shops and dining. Adjacent on and off street public parking available. Sale subject to County Council approval.
List Price/SqFt: 226.72
Sold Price/SqFt: 228.55

Property Features

Business Type: Commercial; Mixed; Professional Service; Professional/Office; Restaurant; Retail Current Use: Mixed Use; Retail Sale Includes: Building & Land

Contract Information

Listing Contract Date: 2021-10-25
Property Sub Type: Business

Location Tax and Legal

Street Number: 101-113
Street Name: Canal
Street Suffix: Street
County: Volusia
State: FL
Postal Code: 32168
MLS Area Major: 70 - New Smyrna Beach E of 95

Status Change Information

Major Change Timestamp: 2022-10-17T13:17:29Z
Major Change Type: Status Change
Purchase Contract Date: 2022-06-01
Close Date: 2022-10-14
Close Price: 1865000

Building Features

Vac Off/Retail SqFt: 16320

More Information

Historical Information

Public Historical Remarks 1: Zoning (Text): MU; Bldg Type/Location: Free Standing; SqFt - Total: 8160.00; Confidential Listing: N; Commercial Property Name: Freestanding; Franchise Opt In: No

Location, Tax, and Legal

Country: US
Parcel Number: 7441-33-12-0010
Tax Annual Amount: 552
Tax Year: 2020
Tax Legal Description: BLK L EXC N 186 FT & LAND E OF SAME & W OF RIVERSIDE DR EXC S 127.5 FT OF W 98 FT SAMS ESTATE NEW SMYRNA PER OR 3208 PG 0038

Currently Not Used

Year Built: 1957

Current Use

Mixed Use: Yes
Retail: Yes

Business Type

Commercial: Yes
Mixed: Yes
Professional Service: Yes
Professional/Office: Yes
Restaurant: Yes
Retail: Yes

Sale Includes

Building & Land: Yes

Listing Office: SVN Alliance Commercial Real Estate Advisors

Last Updated: September - 28 - 2024

Information deemed reliable but not guaranteed.

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