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417 Canal St 1,920 SF Retail Building New Smyrna Beach, FL 32168 $1,186,531 CAD ($617.98 CAD/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- High Visibility and Foot Traffic
- Surrounded by thriving shops, restaurants , and galleries
- Tenant's Second Location
EXECUTIVE SUMMARY
This 1,920 SF single-tenant retail building sits in the heart of New Smyrna Beach on highly desirable Canal Street, surrounded by boutiques, galleries, restaurants, and specialty shops that draw steady foot traffic from both locals and tourists. Zoned Mixed-Use (MU), the property offers flexibility for a wide range of retail uses and benefits from excellent visibility, strong walkability, and proximity to the riverfront, city parks, and cultural attractions. Currently leased to a retail tenant under a newly signed 3-year agreement, this investment delivers immediate, stable cash flow in one of Florida’s most vibrant coastal communities
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,920 SF
Building Class
C
Year Built/Renovated
1966/2000
Price
$1,186,531 CAD
Price Per SF
$617.98 CAD
Cap Rate
8%
NOI
$94,922 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.76
Lot Size
0.06 AC
Zoning
B-2 - Business Commercial
Parking
4 Spaces (2.08 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- 24 Hour Access
- Storage Space
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- G Maries Formal Boutique
- Retailer
- 1,920 SF
- $49.08 CAD
- Triple Net
- Jul 2028
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| G Maries Formal Boutique | Retailer | 1,920 SF | $49.08 CAD | Triple Net | Jul 2028 |
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 7441-37-01-0160 | Improvements Assessment | $280,178 CAD |
| Land Assessment | $159,885 CAD | Total Assessment | $440,063 CAD |
PROPERTY TAXES
Parcel Number
7441-37-01-0160
Land Assessment
$159,885 CAD
Improvements Assessment
$280,178 CAD
Total Assessment
$440,063 CAD
CONTACTS
-
Bob Rand, CCIM, SIOR -
Holly Booth -
Kayden Schaper -
Coldwell Banker Commercial Benchmark
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417 Canal St
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