424 Luna Bella Ln, New Smyrna Beach, FL 32168
2,989 - 3,362 SF Office/Retail Condo Units Offered at $750,000 - $880,000 Per Unit in New Smyrna Beach, FL 32168
For Sale
Active
- Property Type
-
Multifamily
- Square Feet
- 6,604 SF
Listing Contacts
John Trost
Chris Butera
Property 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.
Small Investor Offering - 3,362 SF Commercial Condo in Venetian Bay operating as Cross Creek Day School. A successful day care operating since 2013 with a long waiting list for enrollment.
$68,442.00 Annual Base Rent NNN. Lease expires December 2028.
7.75% Cap Rate PLUS Tenant pays condo dues and real estate taxes.
No hassle investment with Condo Association handling all building and grounds maintenance.
Benefit from a high foot traffic location with some of the best demographics in East Volusia County.
Downtown Venetian Bay Town Center has approximately 2,000 homes within a short walking distance and over 2,900 homes currently and growing to over 4,000 homes in Venetian Bay at full build out.
Currently estimated to be over 7,000 potential customers with over $75,000 plus Average Household Income.
Building signage available.
Great addition to your investment portfolio!
Location Description
Located west of Interstate 95 between Pioneer Trail and SR 44 just off Airport Road.
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.
Small Investor Offering - 3,362 SF Commercial Condo in Venetian Bay operating as Cross Creek Day School. A successful day care operating since 2013 with a long waiting list for enrollment.
$68,442.00 Annual Base Rent NNN. Lease expires December 2028.
7.75% Cap Rate PLUS Tenant pays condo dues and real estate taxes.
No hassle investment with Condo Association handling all building and grounds maintenance.
Benefit from a high foot traffic location with some of the best demographics in East Volusia County.
Downtown Venetian Bay Town Center has approximately 2,000 homes within a short walking distance and over 2,900 homes currently and growing to over 4,000 homes in Venetian Bay at full build out.
Currently estimated to be over 7,000 potential customers with over $75,000 plus Average Household Income.
Building signage available.
Great addition to your investment portfolio!
Location Description
Located west of Interstate 95 between Pioneer Trail and SR 44 just off Airport Road.
Property Details
- Class
- B
- Year Built
- 2007
- Property Subtype
- Storefront Retail/Residential, Office/Residential
- Lot Size (sq. ft)
- 114,127 SF
- Units
- 2
All available spaces
- Space
- Unit B & C
- Size
- 6,604 SF
- Price
- $1,500,000
- Space Subtype
- Multifamily
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