801 CANAL ST, NEW SMYRNA BEACH, FL, 32168
$995,000
Residential
|
Bedrooms
5
|
Bathrooms
6
|
Living Area
2,974 Sqft
|
Lot Size
34,400 Sqft
|
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 décor, 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, café, 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 Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRNS1088309 | Year Built: | 1948 | |
| Appliances: | Microwave, Range, Refrigerator | Construction Materials: | Block | |
| Cooling: | Central Air | Country: | US | |
| County Or Parish: | Volusia | Direction Faces: | South | |
| Exterior Features: | French Doors, Other, Private Yard | Flooring: | Other | |
| Foundation Details: | Block, Concrete Perimeter, Slab | Furnished: | Negotiable | |
| Heating: | Central | Laundry Features: | Other | |
| Levels: | One | Listing Agreement: | Exclusive Right To Sell | |
| Listing Terms: | Cash, Conventional | Occupant Type: | Owner | |
| Other Equipment: | Private Yard | Possession: | Close Of Escrow | |
| Property Sub Type: | Single Family Residence | Property Type: | Residential | |
| Road Surface Type: | Asphalt | Roof: | Shingle | |
| Sewer: | Public Sewer | Showing Requirements: | Appointment Only, Listing Agent Must Accompany, ShowingTime | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Utilities: | Cable Connected, Electricity Connected, Public | |
| Water Source: | Public | |||
| Rooms | Rooms | |||
|---|---|---|---|---|
| Primary Bedroom: | Bedroom 2: | |||
| Bedroom 3: | Bedroom 4: | |||
| Bedroom 5: | Studio: | |||
| Office: | Primary Bathroom: | |||
| Bathroom 2: | Bathroom 3: | |||
| Bathroom 4: | Bathroom 5: | |||
| Kitchen: | Workshop: | |||
| Living Room: | ||||
We love to hear from you