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Venetian Bay Commercial Condos

  SOLD July 2024 for $617,500

424 Luna Bella Lane Unit C, New Smyrna Beach, Florida 32168


Building Size3,475 Square Feet
ZoningPUD
Year Built2007

Two Commercial Condos totaling 6,604 SF with storefront on busy Luna Bella Lane.

  • Unit C (Suite 131): 4,354 SF is leased by Snap Fitness through April 2033. $62,819.12 Current Annual Base Rent 1/1/2024-12/31/2024, 4% annual increases except 2029 which has 19% increase, PLUS Tenant pays condo dues and real estate taxes.
  • Location has some of the best demographics in East Volusia County.
  • The Downtown Venetian Bay Town Center has approximately 2,000 homes within a short walking distance and over 2,900 homes currently, with plans to grow to over 4,000 homes at full build-out. Additionally, there are 322 apartments under construction across the street.
  • Currently estimated to be over 7,000 potential customers with over $75,000 plus Average Household Income.
  • No hassle investment with Condo Association handling all building and grounds maintenance.
  • Building signage available.
  • Cash-in on local growth today!

LOCATION DESCRIPTION

  • Located west of Interstate 95 between Pioneer Trail and SR 44 just off Airport Road.

The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.

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