720 MAGNOLIA ST, NEW SMYRNA BEACH, FL, 32168
$6,800,000
Commercial Sale
Living Area
34,717 Sqft
Lot Size
39,060 Sqft
Offered to the market for the first time, this established New Smyrna Beach storage business and real estate portfolio represents an opportunity to acquire an operating business with more than 30 years of history serving the local community. The offering includes the 18,625 square foot storage building at 720 Magnolia Street and nine units within a 14 unit industrial complex on Live Oak Street. Each Live Oak Unit offers approximately 1800 square feet , with a 10' x 12' roll up door or the option to have one. The property is zoned light industrial ( see attached ) . Building and 9 Units are configured and operated as a storage facility totaling 329 units. Together, these properties provide a combined acquisition opportunity for buyers seeking an established presence in the local self-storage market. The Magnolia building and all nine Live Oak units are offered as one package at $6,800,000. The seller may also consider selling the Live Oak units individually, subject to acceptable pricing and terms. With its longstanding business history and first-time market availability, this offering warrants consideration by storage operators, investors, and buyers seeking to expand their real estate and business holdings in the New Smyrna Beach area. 2026 Planned paid improvements include exterior paint , new roof, Hardie board gables and gutters on Live Oak St building. 2023 improvements include new roof, Hardie board gables, paint and gutters on Magnolia St building Climate controlled , new PDK keypads for 24 hr access on Live Oak units and new camera/security system in place on both buildings
Property Details
Property Features Property Features
MLS ID: MFRNS1089486 Year Built: 1988
Building Features: Bathrooms, Fencing, Outside Storage, Overhead Doors Construction Materials: Block, Stucco
Cooling: Central Air Country: US
County Or Parish: Volusia Direction Faces: East
Flooring: Ceramic Tile, Concrete Foundation Details: Slab
Heating: Electric Income Includes: Storage
Levels: One Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash, Commercial Financing Lot Features: Corner Lot, Curb and Gutters, City Limits, Sidewalk
Other Structures: Other Parking Features: Lighted, Over 30 Spaces, Shared Parking
Possession: Close Of Escrow Property Sub Type: Warehouse
Property Type: Commercial Sale Road Frontage Type: City Street
Road Responsibility: Public Maintained Road Road Surface Type: Asphalt
Roof: Other, Shingle Security Features: Fire Sprinkler System, Security System Owned
Sewer: Public Sewer Showing Requirements: Appointment Only, Call Listing Agent, Do Not Contact Tenants, Listing Agent Must Accompany
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Utilities: Public, Water Connected
Water Source: Public Window Features: Aluminum Frames
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