Listed by Black Pearl Real Estate LLC
$9,650,000
1411 S Atlantic Avenue
Details
APN 7422-01-05-0110
Property Type Hospitality
Sub Type Hotel
Square Footage 12,408
Year Built 1950
Acreage 0.110
Hospitality
Marketing description
This is a quite rare opportunity to acquire a 3 parcel Oceanfront Commercial site in New Smyrna Beach, a very special place all on it's own, situated in a clean and healthy environment with a vibrant restaurant, music, and arts scene. Situated immediately to the South of the recently re-done Best Western Hotel, bordered to the West by Atlantic Ave, to the South by the 5th Ave beach approach and the Ocean Reef Villas condominiums. In addition its location is in walking distance to wonderful dining, shopping and entertainment in the heart of Central Beachside. Getting there from I-95 and Rt #44 by way of our main thoroughfare to the beach, the South Causeway, is practically a straight shot.The existing two oceanfront homes and the multifamily site are income producing and have the protection of a seawall. This area is seeing a major uptick in high end luxury homes, a lot of commercial infill and upscale re-purposing of existing infrastructure. This site has many possibilities, from an oceanfront hotel, to a family enclave on the ocean, there are a wide variety of development concepts. We have a good deal of information pertinent to this site on hand. This is 3 parcels being sold as 1, the parcel ID's are as follows: 741504050060, 742201050110, 741504050050. Please contact us for in depth information.
Listing Contacts
Listed by Black Pearl Real Estate LLC
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