
$925,000
1042 Dixie Freeway
New Smyrna Beach, FL 32168
Listing updated: September 2, 2026 at 6:52 AM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Day on market
Flood zone
About this home
Explore the mixed-use redevelopment potential of this 0.77-acre property along US-1 (N. Dixie Freeway) in New Smyrna Beach’s CRA district, offering exceptional visibility, convenient accessibility, and opportunities for a future residential-commercial concept, subject to City approval. Strategically positioned adjacent to a signalized intersection, the property features three existing curb cuts providing convenient ingress and egress from US-1—an increasingly valuable asset that enhances traffic flow and customer accessibility. With approximately 20,000 vehicles passing the site each day, the location offers continuous, high-impact exposure with slow-moving traffic that is ideal for retail, restaurant, medical, office, and service-oriented businesses. The property sits just one block from the Indian River and is surrounded by established commercial activity, including the new Dollar General, Sacred Heart Catholic School, numerous neighborhood businesses, and a public transit stop located directly in front of the site. This combination of destination traffic, commuter visibility, and pedestrian accessibility creates an exceptional environment for long-term commercial success. Unlike a typical vacant parcel, the property includes two existing freestanding commercial buildings that may be renovated, repurposed, or incorporated into a comprehensive redevelopment plan. The existing layout lends itself to a variety of concepts, including dual complementary businesses such as a sandwich shop paired with a coffee, smoothie, dessert, or specialty beverage operator, while still allowing flexibility for numerous other commercial uses. The property's commercial zoning accommodates a broad range of permitted uses, making it an attractive opportunity for franchise operators, developers, owner-users, and investors seeking a highly visible location with exceptional redevelopment potential. Whether your vision is to modernize the existing improvements, develop a flagship retail destination, create a multi-tenant commercial center, or establish a drive-thru-oriented business concept, this property offers a combination of location, accessibility, visibility, and future upside that is increasingly difficult to find in today's market. Community Redevelopment Incentive An additional advantage is the property's location within the City of New Smyrna Beach Community Redevelopment Agency (CRA) district. Qualified purchasers may be eligible to apply for redevelopment grant funding of up to $250,000 for approved improvement projects, subject to the City's application process, program requirements, funding availability, and final approval.
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 history1 days on market
- Status: ActiveSep 1, 2026
- Listed$925,000Sep 1, 2026
- Price increased$925,000
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Days on market
- 1
- Subdivision
- Riverside Park New Smyrna
- County
- Volusia
- Year built
- 1925
- Living area
- 1,814 sq ft
- Price/sq ft
- $510
- Building area
- 2,042 sq ft (Public Records)
- Lot size
- 33,500 sq ft
- Lot category
- 1/2 to less than 1
- Flood zone
- X (12127C0541J)
- Annual taxes
- $7,333 (2025)
- Parcel #
- 7440-03-14-0050
- Zoning
- 10B3
- MLS #
- NS1089147
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Interior Details
- Bedrooms
- 1
- Full bathrooms
- 1
- Half bathrooms
- 1
- Flooring
- Other
- Appliances
- None
- Interior features
- Open Floorplan
- Laundry
- None
- Stories / Levels
- One
- Direction faces
- East
- In-law suite
- Yes
Heating & Cooling
- Heating
- None
- Cooling
- None
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Min lease term
- No Minimum
- Listing terms
- Cash, Other
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
Exterior & Construction
- Exterior features
- Lighting
- Construction materials
- Wood Siding
- Roof
- Shingle
- Foundation
- Brick/Mortar, Crawlspace, Slab
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Electricity Available, Sewer Available, Water Available
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Great Room | First | |
| Primary Bedroom | First | |
| Primary Bathroom | First | |
| Kitchen | First |
Listing Details
- Listing date
- 2026-08-28
- On market date
- 2026-09-01
- Original list price
- $925,000
- Occupant type
- Vacant
- MLS area
- 32168 - New Smyrna Beach
- Listing AOR
- New Smyrna Beach Board of Realtors
- Status changed
- 2026-09-01
- Tax legal description
- LOTS 5 6 7 & 8 EXC RD RWY REVISED MAP BLK 14 RIVERSIDE PARK NEW SMYRNA PER MB 7 PG 14 PER OR 5224 PG 2191
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
Directly on US-1. Coming from North it'll be on your right.
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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 September 2, 2026 at 6:52 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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