Commercial MIXED USE and/or Develop Residential

Canal Street New Smyrna Beach, FL 32168

Canal Street, New Smyrna Beach, FL, 32168
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FOR SALE FOR LEASE Incentives
Property Type:
Other Land
Amount:
$299,900
Last Verified:
Oct 30, 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

SIGNIFICANT PRICE REDUCTION! MIXED USE ZONING offers GREAT OPPORTUNITY for many possibilities including Multifamily or Single Family Residential, medical office, doctor or rehab facility with new LEXINGTON Assisted Living Facility (115 beds). Historic downtown Canal Street frontage provides walkability. New Doctor’s offices across the street have preliminary approval. Existing structure and previously demolished structures offer some development incentives/discounted fees.

Land Lease 1.4 acres and current structure in "as is" on property for $1500/mo for desirable New Smyrna Canal Street site. Location sets ideal for medical, office or small MF project. Walking distance to downtown canal shops and only short drive to intracoastal and beach access.

SIGNIFICANT PRICE REDUCTION!!! 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

Units for Lease

Canal Street New Smyrna Beach
Lease Type:
Price Per Sqft/Year: $18000.0

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.