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| Former New Smyrna Chevrolt Dealership Buiding 1919 North Dixie Freeway, New Smyrna Beach, FL |
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| Brian Adair |
NEW SMYRNA BEACH , FL – The New Smyrna Beach
Auto Mile has gotten a makeover.
With the sale
of the former New Smyrna Chevrolet dealership at 1919 N. Dixie Freeway, NAI
Realvest Charles Wayne has brought new life to the city’s largest freestanding
commercial building.
Brian Adair and
Ted Lightman of NAI Realvest Charles Wayne represented Capital Automotive, a
Virginia-based investment company that owned the 6.56 acres of land and 72,000
square feet retail, parking, and service buildings along North US-1. The
property sold for $2,650,000.
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| Ted Lightman |
The new owner,
Sailsup Inc. will be housing its related company, Sun Coast Roofing, at the
property. Sailsup Inc. is owned by Rick Tauscher, and was represented in
the transaction by local real estate broker David Wiley.
“This sale is
indicative of the economic shift we’re seeing nationwide in commercial
real-estate due to shifting consumer preferences,” explained Adair. “As
brick and mortar retailers downsize due in part to trends favoring online
shopping, new users for older facilities are emerging with a need for
well-located real estate.”
“Many commercial
buildings now several decades old are simply too large to provide what
retailers look for in today’s economic environment,” added Lightman.
“However, as Sailsup’s purchase here demonstrates, some of these properties can
be ideal for regional businesses.”
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| Rick Tauscher |
“1919 N. Dixie Freeway is an ideal centralized hub servicing Volusia County, as well as parts of Seminole and Brevard,” said Adair.
NAI Realvest
Charles Wayne was formed when Charles Wayne Properties, Inc.’s brokerage
operation in Daytona Beach , partnered with NAI Realvest in 2017 to enhance
service to the firms’ customer bases across all of central Florida .
CONTACTS:
Ted Lightman,
NAI Realvest Charles Wayne Commercial 386-238-3600 or 407-729-0813; tlightman@realvest.com
Brian Adair,
NAI Realvest Charles Wayne Commercial
386-238-3600 badair@realvest.com
Beth Payan,
Larry Vershel Communications 407-644-4142 or
407-461-3781 beth@larryvershel.com
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