Description

Commercial Investment Opportunity-585 Washington Street | New Smyrna Beach, Florida (Rear Unit: 304 Sheldon Street)Mixed-Use Duplex | Active Renovation | Short-Term & Long-Term Rental PotentialPrime mixed-use property located in the heart of historic New Smyrna Beach with direct access to the Canal Street Business District and minutes to the Atlantic Ocean. Renovation is already underway, positioning this asset for strong income potential or owner-user cottage business, service, retail, or lodging use.Property Overview Mixed-Use zoning Existing duplex configuration with two separate electrical meters Separate side-street entrance to the rear unit (304 Sheldon Street) Substantial renovations already completed: New windows New exterior doors New subfloors and framing Hardi board siding New exterior paint New fence New porch deck Additional parking space Special exception zoning potential for a stand-alone garage + apartment (up to 6 bedrooms) - subject to final approval by the City of New Smyrna Beach Property is ready for full restoration with architectural plans availableZoning & Allowed UsesThe property is zoned Mixed Use. Permitted opportunities include: Up to five (5) long-term rental units, or Up to six (6) transient lodging rooms Short-term rentals / Airbnb Cottage business, service, or retail use Single-family residential conversion Small business redevelopmentProhibited uses in this district: Package stores, nightclubs, and taverns.A small City easement exists at the northwest corner of Washington Street and Sheldon Street for sidewalk connection.Location Advantages Direct access to the historic Canal Street Business District Minutes to the ocean and Downtown Flagler Avenue Improved regional access via the new I-95 exit ramp along Pioneer Trail to Enterprise to North Myrtle to Washington Street Strong walkability and visibility in a desirable mixed-use corridor, golf cart accessible Potential eligibility for CRA (Community Redevelopment Agency) funding - contact CRA Director / Economic Development for detailsInvestment HighlightsThis is a rare opportunity to acquire a mixed-use duplex already under renovation in one of New Smyrna Beach's most desirable historic and commercial corridors. Flexible zoning supports multiple income strategies including short-term rentals, long-term rentals, cottage business, or further redevelopment. The combination of completed exterior and structural improvements, dual addresses/entrances, and proximity to both downtown amenities and the beach creates significant upside for an investor or owner-operator.All zoning details, special exceptions, and final entitlements remain subject to confirmation and approval by the City of New Smyrna.