Development Opportunity – Zoned R-5. Situated just minutes from the vibrant Canal Street Historic District and a short ride to the beach, this cleared 0.45-acre lot is a prime canvas for new residential development. Zoned R-5 (Urban Single-Family Residential), the parcel allows up to three single-family or modular homes, each on a minimum 5,000 sq ft lot. With no structures to demolish, utilities nearby, and excellent street frontage (91 feet wide), the lot is ready for immediate subdivision and development. Whether you’re a builder looking to create a small cluster of homes or an investor seeking strong long-term rental yield, 108 S Myrtle Ave offers flexibility, location, and real growth potential. Located in one of New Smyrna Beach’s most up-and-coming infill areas—close to shops, schools, dining, and the Intracoastal—this opportunity won’t last long.