Listing provided courtesy of NSB HOMES LLCas Distributed by MLSGrid- MLS# MFRNS1087589MLS Provider

WALLACE ROADNEW SMYRNA BEACH, FL 32168

Vacant Land · 0.72 Acres
$225,000 Active

WALLACE ROAD Overview

Time on Site:
108 days
Visits:
0

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.

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WALLACE ROAD Facts & Features

  • Type Vacant Land
  • Lot 0.72 Acres

Details

General

Business Information

  • Current Use: Commercial

Location/Region

  • Country: US
  • County Or Parish: Volusia
  • MLS Area Major: 32168 - New Smyrna Beach
  • Subdivision Name: HAWLEY
  • Township: 17S

Tax Information

  • Tax Annual Amount: 1575.56
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Conventional
  • Ownership: Fee Simple
  • Parcel Number: 7324-01-00-0102
  • Property Type: Land
  • Special Listing Conditions: None
  • Zoning: B-2

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Units: Square Feet

General Information

  • Living Area Units: Square Feet

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Features: Central Business District,Fire Hydrant
  • Lot Size Acres: 0.72
  • Lot Size Dimensions: 140x175
  • Lot Size Square Feet: 31363
  • Road Surface Type: Paved
  • Water Source: None

Waterfront/View

  • Waterfront: No

General Information

  • Road Frontage Type: Access Road,City Street
  • Sewer: Public Sewer
  • Utilities: Electricity Available,Public,Sewer Available,Water Available

WALLACE ROAD Neighborhood

Community

32168 (NEW SMYRNA BEACH) Demographics

56
Median Age
170
Population Density (per sq. mile)
39%
College Educated
$54,692
Estimated Median Income
9,594
Estimated Total Home Owners
2,716
Estimated Total Renters
78% / 22%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data unavailable, School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

WALLACE ROAD Market Data

Based on the last 30 days in this zip code

$640,660
Average List Price
$301
Average Price per Square Foot
94
Properties Sold
121
Average Days on Market
508
Properties for Sale
Calculations provided by Reliance Network

WALLACE ROAD History

Date Event Value Agent
3/14/2026Source: My Florida Regional MLS Added to Database
March 14, 2026