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Gelfand Realty Miami Properties for Sale - Multi Family for Sale

204 MAGNOLIA, NEW SMYRNA BEACH, FL 32168

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Multi Family - ANDREWS NEW SMYRNA for Sale

204 MAGNOLIA, NEW SMYRNA BEACH, FL 32168

Asking Price$1,049,900 Change Price$49,100

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  • Days on market:

    26 day(s)
  • Original Price:

    $1,099,000
  • Price per sqft:

    $237.43
  • Tax Legal Description:

    W 90 FT OF LOT 91 & N 35 FT OF LOT 92 BLK 9 ANDREWS NEW SMYRNA PER OR 5131 PG 2724-26 INC PER OR 7214 PG 1344 PER OR 7529 PG 2599 PER OR 8096 PG 2221 PER OR 8448 PG 2680
  • Tax Year:

    2024
  • Property Type:

    Multi Family
  • Construction Type:

    Brick
  • Cooling Description:

    Other
  • Special Listing Conditions:

    Real Estate Owned

Description

$1,049,900 • living size area 4422 sqft

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.

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