1042 N Dixie Freeway, New Smyrna Beach, FL 32168 (MLS # NS1088852)

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View Virtual Tour PRICE $925,000 SIZE 1,814 sqft LOT SIZE 33,542 sqft Request More Info Schedule a Showing

Prime Commercial Redevelopment Opportunity - New Smyrna Beach, Florida Exceptional visibility, outstanding accessibility, and remarkable redevelopment potential come together on this rare 0.77-acre commercial property located along highly traveled US-1 (N. Dixie Freeway) in one of New Smyrna Beach's fastest-growing commercial corridors. 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.