$625,000

1155 Eugenia Boulevard

NEW SMYRNA BEACH FL, 32168

Description

This property offers a great rental income and land investment opportunity, with two mobile homes currently bringing in $1,600 per month together. Both are situated on 12.8 acres and are masterfully positioned on the corner of busy Highway 415 and Eugena Boulevard, with 9,700 of annual average daily traffic. With over 1,100 feet on U.S. Highway 415, this property is in a strong position to capitalize on future eminent domain activity. This elongated corner lot sits just four miles from the recent completion of the four lanes of U.S. Highway 415, and as traffic continues to build, this is a prime parcel for future expansion. Should Highway 415 pass this site, not only will you have a large eminent domain payday, but a valuable corner lot on a four-lane highway that may be suitable for any number of commercial or residential uses. It also offers the potential for smart land bank property with immediate positive cash flow and multiple eminent domain opportunities. This is a land investor's

Details

MLS#O5739512
Sub-TypeResale
StatusActive
Days On Site341

Features

ZoningA-1
Acreage9.00

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Area Information

StateFL
CityNEW SMYRNA BEACH
Zip Code32168
Area32168 - New Smyrna Beach
Listing VS Median (in 32168)
Price:
$625,000
low | high
Med:
$307,900
100% of Average
On Site:
341
low | high
Med:
17
100% of Average
Listing Updated: 09/14/2019
MLS Number: O5739512
Listing Provided By:
John Germann-Kurtz, PA  of  STIRLING INTERNATIONAL REAL ES

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