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$995,000

801 Canal Street New Smyrna Beach, FL 32168 Residential - Single Family Active

  • 801 Canal Street, New Smyrna Beach, FL 32168 Main Photo

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Description

OWNER FINANCING AVAILABLE - MUST SELL! Exceptional residential and mixed-use investment opportunity in the heart of New Smyrna Beach offering incredible flexibility for investors, entrepreneurs, live/work concepts, hospitality, retail, office, wellness, or income-producing ventures. Positioned on approximately 0.79 acres between US-1 and the Intracoastal Waterway, this unique property combines residential comfort with strong commercial potential in one of the city's most desirable and rapidly growing corridors. Completely remodeled with impressive attention to detail, the property showcases high-end finishes, beautiful d?cor, and turnkey functionality throughout. The property features spacious independent units and flexible configurations ideal for a boutique bed & breakfast, executive offices, medical or wellness practice, short-term rental operation, art gallery, caf?, retail showroom, co-working concept, or professional headquarters. Currently generating over $130,000 annually in short-term rental income, this property offers immediate revenue potential while also supporting long-term redevelopment and business opportunities. The generous layout provides multiple private-use areas with an ideal blend of residential and commercial functionality. Located just moments from Historic Canal Street, Flagler Avenue, Riverside Drive, shopping, dining, marinas, and only minutes to the beach, the property benefits from outstanding visibility, accessibility, walkability, and tourism exposure. Adding to the long-term appeal, the proposed Myrtle Avenue Park nearby off Canal Street is expected to further enhance the area's charm, pedestrian activity, and future desirability. The surrounding district continues to experience substantial residential, hospitality, and commercial growth, making this a strategic acquisition with exceptional upside potential. Whether you are seeking an income-producing asset, flagship business location, mixed-use redevelopment opportunity, or a unique coastal investment property, this rare New Smyrna Beach offering delivers versatility, charm, and opportunity. MAKE AN OFFER!

Property Highlights

Property Type: Residential - Single Family
Cooling: Central Air
Garage: 2
Heating: Central
Lot Size: 0.79 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $7,006
Year Built: 1948

General Information

Bedrooms: 5
Bathrooms: 5 Full 1 Half
Sqft: 2,974
County: Volusia
Subdivision: INWOOD
Listed By:
Ignacio Barsottelli BARSOTTELLI PRIME REAL ESTATE 386-401-8008

Amenities

Ceiling Fans(s)
French Doors
Other
Private Yard

Property Features

Appliances: Microwave, Range, Refrigerator
Directions: I-95 Exit 249 (SR-44), east toward New Smyrna Beach. Right on Myrtle Ave. Property on NW corner of Canal St & Myrtle Ave.
Exterior: Block
Flood Zone Code: AE
Flooring: Other
Foundation: Block, Concrete Perimeter, Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.79
Other Equipment: Private Yard
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Single Family Residence
Sewer: Public Sewer
Showing Instructions: Appointment Only, Listing Agent Must Accompany, ShowingTime
Special Sale Provisions: None
Utilities: Cable Connected, Electricity Connected, Public
Water: Public
Water Access Y/N: No
Zoning: 10B2
$995,000
5beds
5.5baths
2,974sqft
2cars
New to the Market Active
BEDS5 BATHS5 full 1 partial SQUARE FEET2,974 MLS#NS1088309
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONINWOOD

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801 Canal Street, New Smyrna Beach, FL 32168.

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Estimated Payment

$ 4,230.01 per month $3,355.97 Principal & Interest $583.83 Property Tax $290.21 Homeowner's Insurance

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