801 Canal Street, New Smyrna Beach, FL 32168

$995,000

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Property Description

OWNER FINANCING AVAILABLE - MUST SELL! Exceptional residential home and mixed-use investment opportunity in the heart of New Smyrna Beach offering incredible flexibility for investors, entrepreneurs, live/work concepts, hospitality, retail, office, wellness, or income-producing ventures. Positioned on approximately 0.79 acres between US-1 and the Intracoastal Waterway, this unique property combines residential comfort with strong commercial potential in one of the city's most desirable and rapidly growing corridors. The property features spacious independent units and flexible configurations ideal for a boutique bed & breakfast, executive offices, medical or wellness practice, short-term rental operation, art gallery, café, retail showroom, co-working concept, or professional headquarters. Currently generating over $130,000 annually in short-term rental income, this property offers immediate revenue potential while also supporting long-term redevelopment and business opportunities. The generous layout provides multiple private-use areas with an ideal blend of residential and commercial functionality. Located just moments from Historic Canal Street, Flagler Avenue, Riverside Drive, shopping, dining, marinas, and only minutes to the beach, the property benefits from outstanding visibility, accessibility, walkability, and tourism exposure. Adding to the long-term appeal, the proposed Myrtle Avenue Park nearby off Canal Street is expected to further enhance the area's charm, pedestrian activity, and future desirability. The surrounding district continues to experience substantial residential, hospitality, and commercial growth, making this a strategic acquisition with exceptional upside potential. Whether you are seeking an income-producing asset, flagship business location, mixed-use redevelopment opportunity, or a unique coastal investment property, this rare New Smyrna Beach offering delivers versatility, charm, and opportunity. MAKE AN OFFER!

801 Canal Street | MLS# 1227367

This single family home located at 801 Canal Street, New Smyrna Beach, FL 32168 is currently listed for sale with an asking price of $995,000. This property was built in 1948 and has 5 bedrooms and 5 full and 1 partial baths with 2574 sq. ft. Canal Street is located in the Inwood subdivision. Search Inwood real estate on www.janshields.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Central Air
Fireplaces: 1
Garage: 1
Heating: Central
Home Style: Cottage, Ranch
Lot Size: 0.78 Acres
Roof Type: Metal, Shingle
Stories: 1.0
Taxes: $7,006
Year Built: 1948
Square Feet: 2,574

Feature Descriptions

Appliances: Other, Washer, Refrigerator, Microwave, Gas Range, Gas Cooktop, Dryer, Disposal, Dishwasher
Days on Site: 2
Directions: I-95 Exit 249 (SR-44), east toward New Smyrna Beach. Right on Myrtle Ave. Property on NW corner of Canal St & Myrtle Ave.
Exterior: Block, Brick, Concrete, Metal Siding
Flooring: Tile, Other
Interior Amenities: Breakfast Bar, Ceiling Fan(s), Kitchen Island, Open Floorplan, Primary Bathroom - Shower No Tub, Split Bedrooms, Walk-In Closet(s)
Laundry: In Unit
Listing Terms: Cash, Conventional, FHA, VA Loan
Lot: Historic Area
Lot Dimensions: 172.0 ft x 200.0 ft
Parcel #: 7418-08-33-0090
Parking: Carport, Other
Patio/Porch: Covered, Patio, Porch
Property Attached Y/N: No
Property Sub-Type: Single Family Residence
Road Frontage: City Street
Sewer: Public Sewer
SQFT Total: 2942
Utilities: Electricity Available, Sewer Connected, Water Connected
Water: Public

Room Sizes

Bedroom 1: 15.00 X 12.00 Level - First
Kitchen: 16.00 X 17.00 Level - First
Dining Room: 16.00 X 16.00 Level - First
Living Room: 16.00 X 14.00 Level - First
Primary Bedroom: 12.00 X 14.00 Level - First
Bedroom 2: 9.00 X 12.00 Level - First
Bedroom 3: 12.00 X 12.00 Level - First
Bedroom 4: 17.00 X 11.00 Level - First

Listed By / Shown By

Listed By

Agency Name: Barsottelli Prime Real Estate

Shown By

Agent Name: Jan Shields
Agent Phone: (904) 891-6331
Agency Title: Watson Realty Corp., REALTORS ®

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Estimated Payment

$ 5,936.75 per month $5,062.71 Principal & Interest $583.83 Property Tax $290.21 Homeowner's Insurance

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