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424 Luna Bella Ln - Venetian Bay Commercial Condos 2,989 SF Office/Retail Condo Unit Offered at $888,583 CAD in New Smyrna Beach, FL 32168

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Investment Highlights

Venetian Bay Commercial Condo For Sale or Lease

Executive Summary

Commercial Condo For Sale with storefront on busy Luna Bella Lane. Rare opportunity to purchase a condo unit with direct exposure to Luna Bella Lane. Unit B (Suite 133) is 2,989 SF total. 2,250 SF is vacant and available for owner to occupy or lease. 739 SF is leased by Snap Fitness through April 2033. $16,785.35 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 now open 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 OVERVIEW Located west of Interstate 95 between Pioneer Trail and SR 44 just off Airport Road. LOCATION OVERVIEW Located west of Interstate 95 between Pioneer Trail and SR 44 just off Airport Road.

Property Facts

Total Building Size	294,718 SF	Floors	4
Property Type	Multifamily (Condo)	Typical Floor Size	73,679 SF
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential	Year Built	2007
Building Class	B	Lot Size	2.62 AC
Zoning	PUD - Planned Development

Total Building Size	294,718 SF
Property Type	Multifamily (Condo)
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential
Building Class	B
Floors	4
Typical Floor Size	73,679 SF
Year Built	2007
Lot Size	2.62 AC
Zoning	PUD - Planned Development

1 Unit Available

Unit B

Unit Size	2,989 SF	Sale Type	Investment or Owner User
Price	$888,583 CAD	Cap Rate	2.48%
Price Per SF	$297.28 CAD	NOI	$22,063.86 CAD
Condo Use	Office/Retail	APN/Parcel ID	7307-04-00-0020

Unit Size	2,989 SF
Price	$888,583 CAD
Price Per SF	$297.28 CAD
Condo Use	Office/Retail
Sale Type	Investment or Owner User
Cap Rate	2.48%
NOI	$22,063.86 CAD
APN/Parcel ID	7307-04-00-0020

Description

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. $16,785.35 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 now open 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 OVERVIEW
Located west of Interstate 95 between Pioneer Trail and SR 44 just off Airport Road.