314 Flagler AvenueNew Smyrna Beach, FL 32169Price: $1,990,000

Under contract-accepting backup offers. 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.