$180,000
Wallace Road
New Smyrna Beach, FL 32168
Listing updated: June 30, 2026 at 10:08 AM ET
Property type
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Prime development opportunity in the heart of New Smyrna Beach’s thriving business district! This **0.72-acre vacant lot** is zoned **B-2 (Highway Business)**, offering exceptional flexibility for a variety of commercial or mixed-use development possibilities. The zoning allows for **multifamily residential construction**, making this an ideal site for investors, developers, or builders looking to capitalize on the strong growth and demand in the area. Positioned in a highly visible and accessible location, the property sits within close proximity to major thoroughfares, established businesses, retail, dining, and the vibrant coastal lifestyle that makes New Smyrna Beach one of Central Florida’s most desirable markets. **Seller already has development plans drafted**, providing a valuable head start for buyers interested in bringing a multifamily or mixed-use project to life. With nearly three-quarters of an acre to work with, this parcel offers ample space and outstanding potential for income-producing development. Opportunities like this are rare in such a prime location. Don’t miss your chance to secure a strategically located parcel with strong investment potential in one of Florida’s fastest-growing coastal communities. **Highlights:** * 0.72 acres vacant land * B-2 (Highway Business) zoning * Multifamily development permitted * Seller has preliminary development plans drafted * Located in the heart of the New Smyrna Beach business district * Excellent opportunity for investors and developers Buyer must verify all permitted uses and options for the property with the municipality BEFORE making any offer.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history108 days on market
- Status: ActiveMar 14, 2026
- Listed$225,000Mar 14, 2026
- Price reduced$180,000
Facts & features
- Property type
- Land
- Status
- Active
- Days on market
- 108
- Subdivision
- Hawley
- County
- Volusia
- Price/sq ft
- $6
- Lot size
- 31,363 sq ft
- Lot category
- 1/2 to less than 1
- Flood zone
- AE
- Annual taxes
- $1,576 (2025)
- Parcel #
- 7324-01-00-0102
- Zoning
- B-2
- MLS #
- NS1087589
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HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Listing terms
- Cash, Conventional
- Ownership
- Fee Simple
Exterior & Construction
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- None
- Utilities
- Electricity Available, Public, Sewer Available, Water Available
Listing Details
- Listing date
- 2026-03-09
- On market date
- 2026-03-14
- Original list price
- $225,000
- MLS area
- 32168 - New Smyrna Beach
- Listing AOR
- New Smyrna Beach Board of Realtors
- Status changed
- 2026-03-14
- Tax legal description
- 24-17-33 PART OF LOT 10 W OF CR & N OF RR BEING 175.3 FT ON N/L & 124 FT ON W/L HAWLEY SUB PER OR 3935 PG 4691 PER OR 5713 PGS 3890-3891 PER OR 8310 PG 1011 PER OR 8692 PG 2797
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From I-95, Exit 249 for New Smyrna Beach heading EAST on State Road 44. ???
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Listings courtesy of Stellar MLS as distributed by MLS GRID
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.
Based on information submitted to the MLS GRID as of June 30, 2026 at 10:08 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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