1042 N Dixie Freeway, New Smyrna Beach, FL 32168
Local realty services provided by:Better Homes and Gardens Real Estate Lifestyles Realty
Listed by: ignacio barsottelli
Office: barsottelli prime real estate
MLS#:NS1089147
Source:MFRMLS
Price summary
- Price:$925,000
- Price per sq. ft.:$452.99
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....
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Home facts
- Year built:1925
- Subdivision & Development:RIVERSIDE PARK NEW SMYRNA
- Listing ID #:NS1089147
- Added:12 day(s) ago
- Updated:September 14, 2026 at 01:49 PM
Rooms and interior
- Bedrooms:1
- Total bathrooms:2
- Full bathrooms:1
- Half bathrooms:1
- Basement Description:Brick/Mortar, Crawlspace
- Living area:1,814 sq. ft.
Structure and exterior
- Roof:Shingle
- Year built:1925
- Building area:1,814 sq. ft.
- Lot area:0.77 Acres
- Lot Features:Sidewalk
- Architectural Style:Florida
- Construction Materials:Wood Siding
- Exterior Features:Lighting
- Foundation Description:Brick/Mortar, Slab
- Levels:1 Story
Schools
- High school:New Smyrna Beach High
- Middle school:New Smyrna Beach Middl
- Elementary school:Chisholm Elem
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Available
Finances and disclosures
- Price:$925,000
- Price per sq. ft.:$452.99
- Tax amount:$7,333 (2025)
Features and amenities
- Amenities:Electricity Available, Open Floorplan
- Pool features:Public Pool
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