ATTN BUILDER/INVESTORS...an array of potential opportunities available for this Canal St area parcel in New Smyrna Beach located in the MU zoning corridor. There is a very limited supply of MU zoned vacant land available in the city of New Smyrna Beach. This property located 1/2 blk off W Canal Street just to the N of the American Legion Club. The highest and best use appears to be multifamily/ rental income. Site plan was completed for a triplex bldg with a 2 bed/1 bath unit upstairs and two 1 bed/1 bath downstairs units w/ annual income estimated to be approximately $60,000.. The Mixed Use District forms the metropolitan center for commercial, financial, professional, governmental, and cultural activities. Many uses are permitted so check out the City of New Smyrna Beach MU zoning regs. Located in the heart of New Smyrna Beach, this property could offer you long term income for many years to come.
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