NAI Realvest Negotiates Sale of Half Acre Multifamily Development Site on A1A in New Smyrna Beach

NEW SMYRNA BEACH, Fla. -- NAI Realvest, based in Orlando, recently negotiated the sale of 0.52 acres of multifamily residential development land located at 2202/2204 South Atlantic Ave. in New Smyrna Beach. Chris Butera, investment associate at NAI Realvest, brokered the transaction representing the seller, TD Bank of Portland, Maine. The buyer, Scarpello Development, based in Hawthorne, Fla. outside of Gainesville, paid $202,500 for the property which is located one block from the beach.