424 Luna Bella Ln - Apartments CONDO FOR SALE


New Smyrna Beach, FL 32168
$750,000-$880,000 USD
386-301-4581
424 Luna Bella Ln, New Smyrna Beach, FL for Sale
$750,000-$880,000 USD
Apartments CONDO - FOR SALE
1/8
2,989-3,362 SF | 2.15% Cap Rate

424 Luna Bella Ln
New Smyrna Beach, FL 32168


OVERVIEW

Commercial Condo For Sale with storefront on busy Luna Bella Lane. Rare opportunity to purchase a condo unit with direct exposure to Lune Bella Lane. Unit B (Suite 133) is 2,989 SF total. 2,250 SF is vacant and available for owner to occupy or to lease. 739 SF is leased by Snap Fitness through April 2033. $16,139.76 Current Annual Base Rent, 4% annual increases, PLUS Tenant pays condo dues and real estate taxes. Location has some of the best demographics in East Volusia County. The Downtown Venetian Bay Town Center has approximately 2,000 homes within a short walking distance and over 2,900 homes currently, with plans to grow to over 4,000 homes at full build-out. Additionally, there are 322 apartments under construction across the street. Currently estimated to be over 7,000 potential customers with over $75,000 plus Average Household Income. No hassle investment with Condo Association handling all building and grounds maintenance. Building signage available. Cash-in on local growth today! Location Description Located west of Interstate 95 between Pioneer Trail and SR 44 just off Airport Road.

FOR SALE DETAILS

PRICE

$750,000-$880,000 USD

CAP RATE

2.15%

# OF UNITS

2

CONDO SIZE

-

% LEASED

82%

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Venetian Bay Commercial Condos

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

294,718 SF

STORIES

4

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.62 AC

LAND SF

114,214 SF

ZONING

PUD

APN/PARCEL ID

7307-04-00-0020,7307-04-00-0030,7307-04-00-0040,7307-0400-0180,7307-0400-0190,7307-0400-0200,7307-0400-0210

ASK ABOUT THIS PROPERTY

John TrostSVN | Alliance Commercial Real Estate AdvisorsMore Info
386-301-4581

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John TrostSVN | Alliance Commercial Real Estate AdvisorsMore Info
386-301-4581

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.