One of New Smyrna Beach's most sought-after locations. On popular Flagler Avenue, this property boasts Mixed Use zoning with short-term rentals allowed and no minimum nightly restrictions—a perfect combination for maximizing income. The City of New Smyrna Beach has recently approved an ordinance granting 23 additional parking spaces for this parcel, enhancing its development potential. The maximum building height is 42 feet, offering flexibility for multi-level projects. The property’s high-traffic, tourist-centric location makes it ideal for a variety of uses, such as a restaurant, bar, ground-floor retail, or a mixed-use development with apartments on the upper levels.
222 Flagler Ave., New Smyrna Beach, FL, 32169
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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