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424 Luna Bella Ln - Venetian Bay Commercial Condos
2,989 - 3,362 SF Office/Retail Condo Units Offered at $750,000 - $880,000 Per Unit in New Smyrna Beach, FL 32168
Executive Summary
Commercial Condo For Sale with storefront on busy Luna Bella Lane. Rare opportunity to purchase a condo unit with direct exposure to Lune Bella Lane. Unit B (Suite 133) is 2,989 SF total. 2,250 SF is vacant and available for owner to occupy or to lease. 739 SF is leased by Snap Fitness through April 2033. $16,139.76 Current Annual Base Rent, 4% annual increases, PLUS Tenant pays condo dues and real estate taxes. Small Investor Offering - 3,362 SF Commercial Condo in Venetian Bay operating as Cross Creek Day School. A successful day care operating since 2013 with a long waiting list for enrollment. $68,442.00 Annual Base Rent NNN. Lease expires December 2028. 7.75% Cap Rate PLUS Tenant pays condo dues and real estate taxes. No hassle investment with Condo Association handling all building and grounds maintenance. Benefit from a high foot traffic location with some of the best demographics in East Volusia County. Downtown Venetian Bay Town Center has approximately 2,000 homes within a short walking distance and over 2,900 homes currently and growing to over 4,000 homes in Venetian Bay at full build out. Currently estimated to be over 7,000 potential customers with over $75,000 plus Average Household Income. Building signage available. Great addition to your investment portfolio! Location Description Located west of Interstate 95 between Pioneer Trail and SR 44 just off Airport Road.
Property Facts
2 Units Available
Unit B
| Unit Size | 2,989 SF | Sale Type | Investment or Owner User |
| Price | $750,000 | Cap Rate | 2.15% |
| Price Per SF | $250.92 | NOI | $16,139.76 |
| Condo Use | Office/Retail | APN/Parcel ID | 7307-04-00-0020 |
| Unit Size | 2,989 SF |
| Price | $750,000 |
| Price Per SF | $250.92 |
| Condo Use | Office/Retail |
| Sale Type | Investment or Owner User |
| Cap Rate | 2.15% |
| NOI | $16,139.76 |
| APN/Parcel ID | 7307-04-00-0020 |
Description
Commercial Condo For Sale with storefront on busy Luna Bella Lane.
Rare opportunity to purchase a condo unit with direct exposure to Lune Bella Lane.
Unit B (Suite 133) is 2,989 SF total.
2,250 SF is vacant and available for owner to occupy or to lease.
739 SF is leased by Snap Fitness through April 2033. $16,139.76 Current Annual Base Rent, 4% annual increases, PLUS Tenant pays condo dues and real estate taxes.
Sale Notes
Commercial Condo For Sale with storefront on busy Luna Bella Lane.
Rare opportunity to purchase a condo unit with direct exposure to Lune Bella Lane.
Unit B (Suite 133) is 2,989 SF total.
2,250 SF is vacant and available for owner to occupy or to lease.
739 SF is leased by Snap Fitness through April 2033. $16,139.76 Current Annual Base Rent, 4% annual increases, PLUS Tenant pays condo dues and real estate taxes.
Location has some of the best demographics in East Volusia County.
The Downtown Venetian Bay Town Center has approximately 2,000 homes within a short walking distance and over 2,900 homes currently, with plans to grow to over 4,000 homes at full build-out. Additionally, there are 322 apartments under construction across the street.
Currently estimated to be over 7,000 potential customers with over $75,000 plus Average Household Income.
No hassle investment with Condo Association handling all building and grounds maintenance.
Building signage available.
Cash-in on local growth today!
Location Description
Located west of Interstate 95 between Pioneer Trail and SR 44 just off Airport Road.
Unit M 122
| Unit Size | 3,362 SF | Sale Type | Investment |
| Price | $880,000 | Cap Rate | 7.75% |
| Price Per SF | $261.75 | NOI | $68,200 |
| Condo Use | Office/Retail | APN/Parcel ID | 7307-04-00-0130 |
| Unit Size | 3,362 SF |
| Price | $880,000 |
| Price Per SF | $261.75 |
| Condo Use | Office/Retail |
| Sale Type | Investment |
| Cap Rate | 7.75% |
| NOI | $68,200 |
| APN/Parcel ID | 7307-04-00-0130 |
Description
Small Investor Offering - 3,362 SF Commercial Condo in Venetian Bay operating as Cross Creek Day School. A successful day care operating since 2013 with a long waiting list for enrollment.
$68,442.00 Annual Base Rent NNN. Lease expires December 2028.
7.75% Cap Rate PLUS Tenant pays condo dues and real estate taxes.
No hassle investment with Condo Association handling all building and grounds maintenance.
Benefit from a high foot traffic location with some of the best demographics in East Volusia County.
Downtown Venetian Bay Town Center has approximately 2,000 homes within a short walking distance and over 2,900 homes currently and growing to over 4,000 homes in Venetian Bay at full build out.
Currently estimated to be over 7,000 potential customers with over $75,000 plus Average Household Income.
Building signage available.
Great addition to your investment portfolio!
Sale Notes
Small Investor Offering - 3,362 SF Commercial Condo in Venetian Bay operating as Cross Creek Day School. A successful day care operating since 2013 with a long waiting list for enrollment.
$68,442.00 Annual Base Rent NNN. Lease expires December 2028.
7.75% Cap Rate PLUS Tenant pays condo dues and real estate taxes.
No hassle investment with Condo Association handling all building and grounds maintenance.
Benefit from a high foot traffic location with some of the best demographics in East Volusia County.
Downtown Venetian Bay Town Center has approximately 2,000 homes within a short walking distance and over 2,900 homes currently and growing to over 4,000 homes in Venetian Bay at full build out.
Currently estimated to be over 7,000 potential customers with over $75,000 plus Average Household Income.
Building signage available.
Great addition to your investment portfolio!
Floor Plan
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Views
- Vinyl Flooring
Site Amenities
- Clubhouse
- Day Care
- Fitness Center
- Pool
- Waterfront
- On-Site Retail
- Golf Course
zoning
| Zoning Code | PUD |
| PUD |
-
Power Broker John Trost -
Chris Butera -
SVN | Alliance Commercial Real Estate Advisors
Presented by
424 Luna Bella Ln - Venetian Bay Commercial Condos
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