SQUARE FEET6,753
MLS#V4944223
STATUS(Bank Owned) - Active
PROPERTY TYPECommercial - Foreclosure
SUBDIVISIONANDREWS NEW SMYRNA
Property Description
Unique opportunity in the heart of the Canal Street Historic District! This 6,753 sq ft, three-story mixed-use property offers the ultimate flexibility for investors, entrepreneurs, or creative visionaries. Zoned Mixed Use and located steps from New Smyrna Beach's vibrant dining, shopping, and arts scene, this property blends history, location, and income potential.The second floor features existing apartments ideal for short- or long-term rentals (check with the municipality for restrictions). The third floor offers versatile flex space - perfect for a private event venue, large residential loft, or an inspiring art studio framed by exposed brick and wooden beams. The first floor provides prime commercial frontage visible from Canal Street, with original wood floors and industrial-style charm that set the stage for retail, dining, or creative businesses.The included rear lot provides valuable additional space, ideal for a landscaped courtyard, parking, or future expansion. Enjoy a premier location just blocks from the Intracoastal Waterway, where waterfront parks, marinas, and boating activities are at your doorstep, and only a short drive to New Smyrna Beach's famous sandy shoreline.Currently mid-renovation, the property is ready for your finishing touches. Whether you choose to live and work from the same address, lease the residential units, rent all or part of the commercial space, or bring a fresh concept to life, this historic building is truly a blank canvas in one of Florida's most charming coastal districts.
Property Features
Property Type: Commercial - Foreclosure
Cooling: Other
Lot Size: 0.22 Acres
Stories: 3.0
Taxes: $18,281
Year Built: 1927
Feature Descriptions
Days on Site: 253
Directions: From Canal Street South on Magnolia
Exterior: Brick
Flood Zone Code: el5
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Other
Lot Dimensions: 0.22
Ownership: Corporation
Property Attached Y/N: No
Property Sub-Type: Mixed Use
Showing Instructions: Supra Lock Box, See Remarks, ShowingTime
Special Sale Provisions: Real Estate Owned
Water Access Y/N: No
Zoning: 10B1
Listed By / Shown By
Listed and Shown By
Agency Name: GLORY INTL. REAL ESTATE CO
Agent Name: Jennifer Clark
Agent Phone:
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204 Magnolia Street | MLS# V4944223
This commercial property located at 204 Magnolia Street, New Smyrna Beach, FL 32168 is currently listed for sale by GLORY INTL. REAL ESTATE CO, with an asking price of $899,900. Search New Smyrna Beach real estate on jclark.gloryire.com today.