720 MAGNOLIA ST New Smyrna Beach, FL 32168
UPDATED:
Key Details
Property Type Commercial
Sub Type Warehouse
Listing Status Active
Purchase Type For Sale
Square Footage 34,717 sqft
Price per Sqft $195
Subdivision Andrews New Smyrna
MLS Listing ID NS1089486
Condo Fees $125
HOA Y/N No
Annual Recurring Fee 1500.0
Year Built 1988
Annual Tax Amount $24,841
Lot Size 0.900 Acres
Acres 0.9
Lot Dimensions 248x160
Property Sub-Type Warehouse
Source Stellar MLS
Property Description
The offering includes the 18,625 square foot storage building at 720 Magnolia Street and nine units within a 14 unit industrial complex on Live Oak Street. Each Live Oak Unit offers approximately 1800 square feet , with a 10' x 12' roll up door or the option to have one. The property is zoned light industrial ( see attached ) . Building and 9 Units are configured and operated as a storage facility totaling 329 individual storage spaces Together, these properties provide a combined acquisition opportunity for buyers seeking an established presence in the local self-storage market.
The Magnolia building and all nine Live Oak units are offered as one package at $6,800,000. The seller may also consider selling the Live Oak units individually, subject to acceptable pricing and terms.
With its longstanding business history and first-time market availability, this offering warrants consideration by storage operators, investors, and buyers seeking to expand their real estate and business holdings in the New Smyrna Beach area.
2026 Planned paid improvements include exterior paint , new roof, Hardie board gables and gutters on Live Oak St building.
2023 improvements include new roof, Hardie board gables, paint and gutters on Magnolia St building
Climate controlled , new PDK keypads for 24 hr access on Live Oak units and new camera/security system in place on both buildings
Location
State FL
County Volusia
Community Andrews New Smyrna
Area 32168 - New Smyrna Beach
Zoning 10I1
Interior
Heating Electric
Cooling Central Air
Flooring Ceramic Tile, Concrete
Exterior
Parking Features Lighted, Over 30 Spaces, Shared Parking
Utilities Available Public, Water Connected
View Y/N No
Water Access No
Roof Type Other,Shingle
Exposure East
Building
Lot Description Corner Lot, Curb and Gutters, City Limits, Sidewalk
Story 1
Entry Level One
Foundation Slab
Lot Size Range 2 to less than 5
Sewer Public Sewer
Water Public
Structure Type Block,Stucco
New Construction false
Others
Ownership Fee Simple
Monthly Total Fees $125
Acceptable Financing Cash, Commercial Financing
Listing Terms Cash, Commercial Financing
Special Listing Condition None
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