Commercial Sale · Mixed Use
585 WASHINGTON STREET, NEW SMYRNA BEACH, FL, 32168
Active427 days on marketListed Jun 10, 2025MLS #NS1085124
About this property
The property at a glance
New price reflects present, ongoing renovations-Short term rental zone - Duplex, Mixed Use in an Opportunity Zone for your sale with the profit investment only as a Tax exchange for Capital gain waived after 7 years. Historic Westside location, the present layout for a duplex, two electrics, two water, two natural gas meters, two separate entrances, 585 Washington Street, front entrance has been framed out layout, as a two bedroom, plus flex room, two bath, 304 Sheldon Entrance, two-bedroom, one bath. Additonal Vacant lot used for parking or you can build up - add more units or up to six suites that can be used for short term rentals, nightly, weekly, monthly or long term. A Mixed Use/commercial zoning allows building with a first-floor business, a bed and breakfast in the historic district overlay may provide parking waivers for businesses, bed and breakfast overlay, special parking district that allows for half of city parking requirements. New Smyrna Beach Historic District building height allows up to 72 feet. Properties across from the Babes James Community Recreational Center, the Splash Pad Park, walk to Pettis Park Sport Center area, covered pavilions with restroom facilities, a multi-purpose field, a double skate bowl, fitness stations, courts for basketball, pickleball, racquetball, tennis, and a playground. The Mary S Harrell Heritage Museum. Washington Street travels from the Historic Westside continuing east onto the North Causeway of Coronado Island over the North Drawbridge on to the beachside Flagler Avenue entrance to the ocean ramp. Flagler Ave has wonderful events, nightlife, restaurants, shops, walk, bike golf cart, to either downtown Flagler Avenue or Historic Canal Street, a mom and pop old Florida style festivals, sip and stroll wine and beer walks, antique and vintage fairs, art galleries, live music, classic oldie car events, farmers markets, gift shops, specialty boutiques, craft beer and wine bars, enjoy waterfront seafood restaurants by the city marina, dockage, bait and tackle shops, boat rentals, walk to Riverside Park to fish off the intercoastal waterway, there are walkways and fishing station areas. Brannon Center, an event space, concerts on the Riverside Park, all within minutes of this property. MLS #1084954 next door is a coastal cottage, MU in a short-term rental, same ownership can be three address as a package, prequalified proof of fund statement, only sellers local title company can be used for escrow and closing. New Interstate 95 Exit will create traffic traveling from Pioneer trail thru Westside to Washington Street to North Bridge to Flagler Avenue Beach ramp.
1,932
Building sq ft
$168
Price / sq ft
0.27
Lot acres
1937
Year built
2
Units
1
Building
MU
Zoning
Mixed Use
Property type
The numbers
Investment snapshot
$162,500
Price / unit
2
Units
Estimated payment (illustrative)
Estimated payment
$1,873/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
1,480
Population
$55,848
Median income
50
Median age
2
Avg household
$179,744
Median home value
$925/mo
Median rent
138
Households w/ kids
Consumer profile
This population is all about keeping the mood light and good, clean fun. Common activities include spending time outdoors, catching up with friends, and dancing.
Passionate about strength training, this population relies heavily on the encouragement of the exercise community. While these people seek the latest fitness techniques, they're also interested in supplements and equipment.
This population lives as fast as the culture. They like to keep up with the latest trends, especially when it comes to apparel and accessories.
A population characterized by healthy eating. Often pre-planning for meals for the purpose of fitness and convenience. Likely to participate in meal prep trends.
These people are hunting discounts, contests, and promotions. The population loves a good sale, and they can't wait to share their bargain finds and winnings with friends and family.
You can find these people researching an upcoming exhibit at the natural history museum or learning about a famous monument. This population enjoys learning about the past.
Recent sales
What actually sold near 585 WASHINGTON STREET
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$230,000
585 WASHINGTON STREET
1,673 sqft · $137/sqft · Sold Mar 24, 2025
$60,000
109 N CAUSEWAY
1,758 sqft · $34/sqft · Sold Feb 27, 2025
$560,000
1042 N DIXIE FREEWAY
1,814 sqft · $309/sqft · Sold Jun 29, 2026
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 585 WASHINGTON STREET — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 585 WASHINGTON STREET.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of BEACHSIDE REALTY OF VOLUSIA · Lori Schmerler, Pa. MLS #NS1085124.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
Never miss a listing
New NEW SMYRNA BEACH listings, in your inbox
A daily digest of every new listing in NEW SMYRNA BEACH — straight from the MLS, hours after it goes live. Unsubscribe anytime.