405 Downing St
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405 Downing St
4,032 SF 100% Leased Office Building New Smyrna Beach, FL 32168 £1,116,080 (£277/SF) 5.08% Net Initial Yield
Executive Summary
Prime Mixed-Use Property in Downtown New Smyrna Beach, FL
This .34-acre property is a rare find in the heart of Downtown New Smyrna Beach, offering flexibility and income potential. Zoned for mixed use, this concrete block building is designed for durability and ease of ownership, featuring low-maintenance construction and a brand-new roof installed in December 2024. With 20+ parking spaces.
Not in a flood zone.
The property includes three units, with one currently owner-occupied and the others leased to a chiropractic office and LabCorp.
The doctor’s office features four exam rooms with water, a main office, and two physicians' offices, with the option to convert into three.
Two new AC units (2023)
All units separately metered
This .34-acre property is a rare find in the heart of Downtown New Smyrna Beach, offering flexibility and income potential. Zoned for mixed use, this concrete block building is designed for durability and ease of ownership, featuring low-maintenance construction and a brand-new roof installed in December 2024. With 20+ parking spaces.
Not in a flood zone.
The property includes three units, with one currently owner-occupied and the others leased to a chiropractic office and LabCorp.
The doctor’s office features four exam rooms with water, a main office, and two physicians' offices, with the option to convert into three.
Two new AC units (2023)
All units separately metered
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
4,032 SF
Building Class
C
Year Built
1983
Price
£1,116,080
Price Per SF
£277
Net Initial Yield
5.08%
NOI
£56,660
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
4,032 SF
Building FAR
0.27
Lot Size
0.34 AC
Zoning
10B1
Parking
22 Spaces (5.46 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 of 1
Walk Score ®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 7441-38-20-2450 | Improvements Assessment | £203,059 |
| Land Assessment | £111,807 | Total Assessment | £314,866 |
PROPERTY TAXES
Parcel Number
7441-38-20-2450
Land Assessment
£111,807
Improvements Assessment
£203,059
Total Assessment
£314,866
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405 Downing St
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