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424 Luna Bella Ln - Venetian Bay Commercial Condos 1,691 - 2,989 SF Office/Retail Condo Units Offered at $697,262 - $907,348 CAD Per Unit in New Smyrna Beach, FL 32168

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EXECUTIVE SUMMARY

Commercial Condos 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. No hassle investment with Condo Association handling all building and grounds maintenance. Unit D (Suite 130) is 1,691 SF and features a versatile layout with three private offices, open workspace, and a restroom. Estimated CAM, Real Estate Taxes, and Insurance $8.88 per SF. Suite 128: 2,015 SF former restaurant/deli space located in the heart of Venetian Bay Town Center, offering prime exposure and access to some of the best demographics in East Volusia County. Estimated CAM, Real Estate Taxes, and Insurance $9.21 per SF. The vibrant Downtown area is surrounded by approximately 2,000 existing homes within walking distance, with a total of over 2,900 homes in the community and plans to expand to more than 4,000 at full build-out. Additionally, 322 new apartments have recently opened across the street. The area now o?ers access to over 7,000 potential customers, with an average household income exceeding $100,000. Building signage is available. 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
Property Type Multifamily
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

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Tub/Shower
  • Views
  • Vinyl Flooring

SITE AMENITIES

  • Clubhouse
  • Day Care
  • Fitness Center
  • Pool
  • Waterfront
  • On-Site Retail
  • Golf Course

3 UNITS AVAILABLE

Unit 128

Unit Size 2,015 SF
Price $836,854 CAD
Price Per SF $415.31 CAD
Condo Use Office/Retail
Sale Type Investment
DESCRIPTION

For Sale or Lease: 2,015 SF former restaurant/deli space located in the heart of Venetian Bay Town Center, offering prime exposure and access to some of the best demographics in East Volusia County.

SALE NOTES

The vibrant Downtown area is surrounded by approximately 2,000 existing homes within walking distance, with a total of over 2,900 homes in the community and plans to expand to more than 4,000 at full build-out. Additionally, 322 new apartments have recently opened across the street. The area now offers access to over 7,000 potential customers, with an average household income exceeding $100,000. Building signage is available. Estimated CAM, Real Estate Taxes, and Insurance $9.21 per SF.

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Unit B

Unit Size 2,989 SF
Price $907,348 CAD
Price Per SF $303.56 CAD
Condo Use Office/Retail
Sale Type Investment or Owner User
Cap Rate 2.48%
NOI $22,529.81 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.

SALE NOTES

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.

Unit B Floor Plan
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Unit Unit D130

Unit Size 1,691 SF
Price $697,262 CAD
Price Per SF $412.34 CAD
Condo Use Office/Retail
Sale Type Investment
DESCRIPTION

Office Condo For Sale or Lease with storefront on busy Luna Bella Lane. Unit D (Suite 130) is 1,691 SF and features a versatile layout with three private offices, open workspace, and a restroom. Venetian Bay boasts some of the best demographics in East Volusia County.

SALE NOTES

The Downtown Venetian Bay Town Center has approximately 2,000 homes within walking distance and over 2,900 homes currently, with plans to grow to more than 4,000 at full build-out. Additionally, 322 new apartments have recently opened across the street. The area now offers access to over 7,000 potential customers, with an average household income exceeding $100,000

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  • Listing ID: 30899499

  • Date on Market: 2024-06-07

  • Last Updated:

  • Address: 424 Luna Bella Ln, New Smyrna Beach, FL 32168

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