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424 Luna Bella Ln
New Smyrna Beach, FL 32168 Venetian Bay

$499,500 - $650,000 USD

Apartments Condos For Sale  •  1,691+ SF

Property Details

  • Property Type Apartments
  • Total Building Size 294,718 SF
  • Lot Size 2.62 AC
  • Building Class B
  • Year Built 2007
  • Cap Rate 2.48 %
  • Tenancy Multiple
  • Zoning PUD
0 Transit Score
29 Walk Score

3 Units Available

Name Condo Use Size Price Details
1st Floor - Unit 128 Office/Retail 2,015 SF $599,500 USD
  • Unit Size: 2,015 SF
  • Condo Use: Office/Retail
  • Price: $599,500 USD
  • Sale Type: Investment
  • Price/SF: $297.52 USD
Description
For Sale or Lease: 2,015 SF former restaurant/deli space located in the heart of Venetian Bay Town Center, offering prime exposure and access to some of the best demographics in East Volusia County.

Sale Notes
The vibrant Downtown area is surrounded by approximately 2,000 existing homes within walking distance, with a total of over 2,900 homes in the community and plans to expand to more than 4,000 at full build-out. Additionally, 322 new apartments have recently opened across the street. The area now offers access to over 7,000 potential customers, with an average household income exceeding $100,000. Building signage is available. Estimated CAM, Real Estate Taxes, and Insurance $9.21 per SF.

1st Floor - Unit B Office/Retail 2,989 SF $650,000 USD
  • Unit Size: 2,989 SF
  • Condo Use: Office/Retail
  • Price: $650,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $217.46 USD
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. $16,785.35 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 now open 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 OVERVIEW
Located west of Interstate 95 between Pioneer Trail and SR 44 just off Airport Road.

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. $16,785.35 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 now open 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 OVERVIEW
Located west of Interstate 95 between Pioneer Trail and SR 44 just off Airport Road.

1st Floor - Unit Unit D130 Office/Retail 1,691 SF $499,500 USD
  • Unit Size: 1,691 SF
  • Condo Use: Office/Retail
  • Price: $499,500 USD
  • Sale Type: Investment
  • Price/SF: $295.39 USD
Description
Office Condo For Sale or Lease with storefront on busy Luna Bella Lane. Unit D (Suite 130) is 1,691 SF and features a versatile layout with three private offices, open workspace, and a restroom. Venetian Bay boasts some of the best demographics in East Volusia County.

Sale Notes
The Downtown Venetian Bay Town Center has approximately 2,000 homes within walking distance and over 2,900 homes currently, with plans to grow to more than 4,000 at full build-out. Additionally, 322 new apartments have recently opened across the street. The area now offers access to over 7,000 potential customers, with an average household income exceeding $100,000

Description

Commercial Condos 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. $16,785.35 Current Annual Base Rent, 4% annual increases, PLUS Tenant pays condo dues and real estate taxes.
No hassle investment with Condo Association handling all building and grounds maintenance.

Unit D (Suite 130) is 1,691 SF and features a versatile layout with three private offices, open workspace, and a restroom.
Estimated CAM, Real Estate Taxes, and Insurance $8.88 per SF.

Suite 128: 2,015 SF former restaurant/deli space located in the heart of Venetian Bay Town Center, offering prime exposure and access to some of the best demographics in East Volusia County. 
Estimated CAM, Real Estate Taxes, and Insurance $9.21 per SF.

The vibrant Downtown area is surrounded by approximately 2,000 existing homes within walking distance, with a total of over 2,900 homes in the community and plans to expand to more than 4,000 at full build-out. Additionally, 322 new apartments have recently opened across the street.
The area now o?ers access to over 7,000 potential customers, with an average household income exceeding $100,000. 
Building signage is available.

LOCATION OVERVIEW
Located west of Interstate 95 between Pioneer Trail and SR 44 just off Airport Road.

Property Flyers

Financial Summary

Cap Rate: 2.48 %
Total Expenses: $0 USD

Amenities

  • Air Conditioning
  • Balcony
  • Clubhouse
  • Day Care
  • Fitness Center
  • Pool
  • Waterfront
  • On-Site Retail
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Tub/Shower
  • Views
  • Vinyl Flooring
  • Golf Course

Public Transportation

AirportDriveWalkDistance
Daytona Beach International 26 min - 14.0 mi
Orlando Sanford International 42 min - 28.3 mi
John Trost 386-301-4581 SVN | Alliance Commercial Real Estate Advisors
John Trost 386-301-4581 SVN | Alliance Commercial Real Estate Advisors