314 Flagler Avenue New Smyrna Beach, FL 32169
Other
MLS #: NS1086794
Courtesy Of Collado Real Estate
Property InformationDescription
High-Performance Mixed-Use Commercial Investment | Premium Flagler Avenue Corridor
An exceptional income-producing asset located in the heart of Flagler Avenue New Smyrna Beach s premier entertainment and tourism district. This fully renovated commercial property sits just five blocks from the ocean and benefits from one of the area s strongest foot-traffic environments, with over 8 million annual visitors to NSB. Zoned mixed-use and positioned within a high-growth coastal market, the property offers outstanding long-term appreciation potential and flexible redevelopment options.
The building is leased to a top-performing cigar lounge and restaurant known for its refined atmosphere, premium wood accents, leather armchairs, exclusive cigar selection, and gourmet Latin cuisine served from a balcony overlooking the avenue. The business enjoys a respected reputation, consistent 5-star reviews, experienced staff, and robust patron loyalty. Live music programming and on-site valet parking further elevate the venue s status as a flagship nightlife destination.
Current financial performance underscores the strength of this investment: tenants generate $14,500 per month in base rent with 3% annual escalations, producing more than $923,000 in rental income over five years. With property values in this corridor appreciating at approximately 9% annually, the asset is projected to gain more than $1 million in value over the same period yielding nearly a 100% gross ROI. These concrete numbers demonstrate the property s exceptional stability and upward trajectory in one of Central Florida s most competitive coastal markets.
More than $300,000 in recent improvements include a new interior bar, expanded outdoor dining area, ADA-compliant restroom, specialized humidor room, and upgraded mechanical systems. The property is grandfathered for potential multi-story redevelopment, offering a rare zoning advantage in this high-demand beachfront district. Surrounded by boutique retail, restaurants, entertainment venues, and year-round cultural events, this location stands at the center of NSB s most active commercial corridor.
This is a rare opportunity to secure a high-yield, low-vacancy, appreciation-driven investment on one of the most valuable streets in New Smyrna Beach.
An exceptional income-producing asset located in the heart of Flagler Avenue New Smyrna Beach s premier entertainment and tourism district. This fully renovated commercial property sits just five blocks from the ocean and benefits from one of the area s strongest foot-traffic environments, with over 8 million annual visitors to NSB. Zoned mixed-use and positioned within a high-growth coastal market, the property offers outstanding long-term appreciation potential and flexible redevelopment options.
The building is leased to a top-performing cigar lounge and restaurant known for its refined atmosphere, premium wood accents, leather armchairs, exclusive cigar selection, and gourmet Latin cuisine served from a balcony overlooking the avenue. The business enjoys a respected reputation, consistent 5-star reviews, experienced staff, and robust patron loyalty. Live music programming and on-site valet parking further elevate the venue s status as a flagship nightlife destination.
Current financial performance underscores the strength of this investment: tenants generate $14,500 per month in base rent with 3% annual escalations, producing more than $923,000 in rental income over five years. With property values in this corridor appreciating at approximately 9% annually, the asset is projected to gain more than $1 million in value over the same period yielding nearly a 100% gross ROI. These concrete numbers demonstrate the property s exceptional stability and upward trajectory in one of Central Florida s most competitive coastal markets.
More than $300,000 in recent improvements include a new interior bar, expanded outdoor dining area, ADA-compliant restroom, specialized humidor room, and upgraded mechanical systems. The property is grandfathered for potential multi-story redevelopment, offering a rare zoning advantage in this high-demand beachfront district. Surrounded by boutique retail, restaurants, entertainment venues, and year-round cultural events, this location stands at the center of NSB s most active commercial corridor.
This is a rare opportunity to secure a high-yield, low-vacancy, appreciation-driven investment on one of the most valuable streets in New Smyrna Beach.
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Cooling System: Humidity Control
- Cooling System: Central Air
- Exterior Type: Frame
- Exterior Type: Block
- Floor Covering: Wood
- Floor Covering: Tile
- Heating System: Central
- Legal Description: LOT 20 COOPER SUB WALKER GRANT MB 4 PG 96 & INC LOT 59 WALKER GRANT MB 3 PG 150 PER OR 4181 PG 4292
- MLSID: NS1086794
- Roof Type: Metal
- Roof Type: Shingle
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