Commercial MIXED USE and/or Develop Residential

Canal Street New Smyrna Beach, FL 32168

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FOR SALE Incentives
Property Type:
Other Land
Amount:
$374,900
Last Verified:
Jul 21, 2017

Highlights

  • Florida Hospital New Smyrna 1 mile from site with over 700 employees
  • Canal Street District home to over 50 restaurants, shops, and considered a popular have for local artists.
  • New Lexington Place Assisted living opened 2016
  • Property has frontage on four sides Canal, Duss, Julia, and Inwood
  • Potential additional land assemblage
  • Owner initiating a development plan for Medical Office

Description

Opportunities?! MU zoning allows for Office building,Medical Office, ALF, Apartments in the heart of Historic West Canal District. Need direct Canal Street frontage? See land assemblage sheet.

New Assisted Living Facility on SR 44 and Myrtle Avenue offers an awesome Gateway to this development property! Day Spa adjacent to property opened November 15, 2017 and new construction of medical offices across the street has approved site plan. Old State Route 44 (West Canal Street) runs parallel to SR 44. Subject Property fronts on 4 streets: Canal, Duss, Inwood and Julia.


Year Built: 0
Building Size: 1720.0sq ft
Lot Size: 1.4 acres

Map of Canal Street, New Smyrna Beach, FL, 32168

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Real Estate Incentives (What is this?)
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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.