About 314 Flagler Ave
Exceptional investment opportunity located on the main drag of Flagler Avenue — just five blocks from New Smyrna Beach! The property spans approximately 8,900 square feet (0.204 acres) and has undergone over $300,000 in recent upgrades, making it both a secure and modern long-term investment. It is currently leased to a successful restaurant tenant under a 5-year lease with annual rent increases. The tenant pays utilities and insurance, while the owner is responsible only for property taxes and minimal maintenance. The Current Cap Rate is 7.6 percent currently with growth potential over the next 5 years up to 8.7 percent! Additionally, the property is grandfathered in for future redevelopment, allowing for a potential 4-story build — a rare zoning advantage that significantly enhances long-term value.
Commercial Sale home for sale in NEW SMYRNA BEACH, FL at 314 Flagler Ave. This Commercial Sale home is priced at $1,311/sqft
Features of 314 Flagler Ave
| MLS® # | O6353662 |
|---|---|
| Price | $2,050,000 |
| Square Footage | 1,564 |
| Acres | 0.20 |
| Year Built | 1922 |
| Type | Commercial Sale |
| Sub-Type | Restaurant |
| Status | Active |
Community Information: New Smyrna Beach
| Address | 314 Flagler Ave |
|---|---|
| Area | New Smyrna Beach |
| Subdivision | COOPER WALKER GRANT |
| City | NEW SMYRNA BEACH |
| County | Volusia |
| State | FL |
| Zip Code | 32169 |
Amenities of 314 Flagler Ave
| Parking | 6 to 12 Spaces |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
| Senior Community | No |
Interior of 314 Flagler Ave
| Heating | Central |
|---|---|
| Cooling | Central Air, Humidity Control |
| Fireplace | No |
Exterior of 314 Flagler Ave
| Lot Description | Central Business District, City Lot, Sidewalk, Street Lights |
|---|---|
| Roof | Metal, Other, Shingle |
| Foundation | Basement, Brick/Mortar, Crawlspace |
Additional Information On 314 Flagler Ave
| Date Listed | October 19th, 2025 |
|---|---|
| Zoning | 10B1 |
| Flood Zone Code | X |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | FANNIE HILLMAN & ASSOCIATES |
|---|