1155 EUGENIA BLVD, New Smyrna Beach, Florida
1155 EUGENIA BLVD, New Smyrna Beach, Florida 32168 - 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 dream.
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Listing Courtesy of Premier Sothebys Int'l Realty