218 N Orange STREET, New Smyrna Beach, FL, 32168 | $775,000

Located at the busy intersection of Washington St and N Orange St in New Smyrna Beach, this fully renovated bakery offers an incredible opportunity for both investors and business owners seeking high-traffic visibility from two major roads, with additional exposure from nearby US-1. Every inch of this commercial property has been meticulously updated and enhanced, providing a turnkey solution for anyone looking to enter a business-ready space.

The property has undergone a complete transformation, starting with the excavation of the old concrete and plumbing, which were replaced with all-new infrastructure. The newly poured concrete is complemented by modern pavers and a professionally designed outdoor area featuring irrigation, drip lines, and fresh landscaping. To create an inviting space for both customers and their pets, a custom dog play area was added, surrounded by new privacy fencing, making this bakery a truly unique destination where guests can enjoy their experience while their dogs play.

The building’s exterior was rebuilt with care. New stucco, fresh paint, and a fully redone roof ensure the structure is sound and visually appealing. Two brand-new split AC units were installed to ensure a comfortable environment, and ADA accessibility has been incorporated throughout the property to meet all compliance standards. Additionally, the building has been equipped with brand-new windows and hardwired security, offering peace of mind and a professional, updated look.

Inside, the bakery is equipped with state-of-the-art commercial appliances, all included in the sale. A Blodgett convection oven, double gas oven, and a “True” commercial refrigerator ensure that this space is ready for immediate business operations. The commercial kitchen also boasts large commercial sinks and a new grease trap, which is conveniently enclosed in a large storage pantry located at the back of the building. Natural gas has been run to the building, providing efficient service to the commercial appliances and water heater.

No detail has been overlooked, with all new flooring and fixtures throughout, ensuring the entire interior feels fresh and modern. Additionally, future expansion has been thoughtfully considered, with PVC plumbing already laid beneath the patio in preparation for any future updates to Washington St.

This corner property not only offers a fully upgraded facility but also promises unmatched business potential due to its prime location. The high traffic flow from Washington St and N Orange St, combined with proximity to US-1, makes this bakery an ideal spot for capturing the attention of both locals and visitors alike.

Features

  • Property Type: Restaurant
  • Construction: Stucco
  • Garage: 1 to 5 Spaces
  • Levels: 1
  • Cooling: Mini-Split Unit(s)
  • Lot Size: 54 x 100
  • Year Built: 1948
  • Approx Sq. Feet: 499
  • Acreage: 0.12
  • Est. Taxes: $3,054
  • Lot Desc: Central Business District, Historic District, City Lot
  • MLS#: NS1082615
  • Days on Market: 4 days
  • Website: https://www.raveis.com
    /prop/NS1082615/218norangestreet_newsmyrnabeach_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 9/21/2024 2:34:47 AM)
Listing courtesy of LOCAL LIVING REALTY GROUP   Phone: 386-690-1545

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NMLS Mortgage Loan Originator ID 16953

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218 N Orange STREET, New Smyrna Beach, FL, 32168

$775,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $620,000 $620,000 $620,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.125% 4.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.483% 6.273% 5.268%
Monthly Tax Payment $255 $255 $255
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,767 $3,767 $4,900
Total Monthly Payment $4,113 $4,113 $5,246

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.