$1,990,000
314 Flagler Avenue New Smyrna Beach, FL 32169
For Sale MLS# NS1086794
1,564 sq ft Commercial
Details for 314 Flagler Avenue
MLS# NS1086794
Description for 314 Flagler Avenue, New Smyrna Beach, FL, 32169
High-Performance Mixed-Use Commercial Investment Premium Flagler Avenue Corridor An exceptional income-producing asset located in the heart of Flagler Avenue—New Smyrna Beach’s premier entertainment and tourism district. This fully renovated commercial property sits just five blocks from the ocean and benefits from one of the area’s strongest foot-traffic environments, with over 8 million annual visitors to NSB. Zoned mixed-use and positioned within a high-growth coastal market, the property offers outstanding long-term appreciation potential and flexible redevelopment options. The building is leased to a top-performing cigar lounge and restaurant known for its refined atmosphere, premium wood accents, leather armchairs, exclusive cigar selection, and gourmet Latin cuisine served from a balcony overlooking the avenue. The business enjoys a respected reputation, consistent 5-star reviews, experienced staff, and robust patron loyalty. Live music programming and on-site valet parking further elevate the venue’s status as a flagship nightlife destination. Current financial performance underscores the strength of this investment: tenants generate $14,500 per month in base rent with 3% annual escalations, producing more than $923,000 in rental income over five years. With property values in this corridor appreciating at approximately 9% annually, the asset is projected to gain more than $1 million in value over the same period—yielding nearly a 100% gross ROI. These concrete numbers demonstrate the property’s exceptional stability and upward trajectory in one of Central Florida’s most competitive coastal markets. More than $300,000 in recent improvements include a new interior bar, expanded outdoor dining area, ADA-compliant restroom, specialized humidor room, and upgraded mechanical systems. The property is grandfathered for potential multi-story redevelopment, offering a rare zoning advantage in this high-demand beachfront district. Surrounded by boutique retail, restaurants, entertainment venues, and year-round cultural events, this location stands at the center of NSB’s most active commercial corridor. This is a rare opportunity to secure a high-yield, low-vacancy, appreciation-driven investment on one of the most valuable streets in New Smyrna Beach.
Listing Information
Property Type: Commercial, Business
Status: Active
Lot Size: 0.20 Acres
Square Feet: 1,564 sq ft
Year Built: 1922
Construction: Block,Wood Frame
Construction Display: New Construction
Subdivision: Cooper Walker Grant
Foundation: Basement,Brick/Mortar,Crawlspace
County: Volusia
Construction Status: New Construction
Interior Features
Flooring: Reclaimed Wood,Tile
Basement: Partial, Crawl Space, Exterior Entry
Doors/Windows: Wood Frames
Accessibility: Accessible Approach with Ramp, Accessible Full Bath
Additional Interior Features: Solid Surface Counters, Stone Counters, Storage
Utilities
Water: Public
Sewer: Septic Needed
Other Utilities: Electricity Available,Municipal Utilities,Water Connected
Cooling: Central Air, Humidity Control
Heating: Central
Exterior / Lot Features
Parking Description: Parking Space(s)
Roof: Shingle, Metal, Other
Additional Exterior/Lot Features: Fence, Storage, City Lot, Central Business District, Trees
Out Buildings: Storage, Garage(s)
Community Features
Community Features: Street Lights, Sidewalks
Driving Directions
From the intersection of N Peninsula and Flagler Ave, proceed east on Flagler Ave to 314 Flagler Ave
Financial Considerations
Terms: Cash,Conventional,Other
Tax/Property ID: 745509000200
Tax Amount: 15386.99
Tax Year: 2024
A broker reciprocity listing courtesy: COLLADO REAL ESTATE
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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 314 Flagler Avenue
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 314 Flagler Avenue
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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