Land at WALLACE RD, NEW SMYRNA BEACH
Land at WALLACE RD, NEW SMYRNA BEACH, photo 2 of 7
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7 photos

$165,000

WALLACE RD
NEW SMYRNA BEACH, FL 32168
Listed by Donna Concannon · NSB HOMES LLC
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

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.

Property details

MLS #
MFRNS1087589
Property type
Land
Subdivision
HAWLEY
Status
Active
Days on market
163
On market date
March 14, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.72 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
CHISHOLM ELEMENTARY SCHOOL
1.18 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
459
Student:teacher ratio
12.4:1
District
VOLUSIA
Middle
NEW SMYRNA BEACH MIDDLE SCHOOL
1.36 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,065
Student:teacher ratio
17.8:1
District
VOLUSIA
High
NEW SMYRNA BEACH HIGH SCHOOL
1.1 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
1.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,887
Student:teacher ratio
22.2:1
District
VOLUSIA

Walkability

Blended score for NEW SMYRNA BEACH's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

48
Somewhat walkable
out of 100
EPA National Walkability Index
11.7 / 20 -- Above average walkable
Google Places amenity density
33 / 100
Restaurants & cafes7
Grocery stores1
Parks0
Schools2
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in NEW SMYRNA BEACH, from live MLS data.

On the market 163 days -- 1 fewer days than NEW SMYRNA BEACH's current average of 164 days.
For reference, the median list price across 891 active listings in NEW SMYRNA BEACH right now is $440,000.

Mortgage calculator

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Est. monthly payment
$1,144/mo
$33,000 down
$132,000 loan
Principal & interest$856
Property tax (est.)$138
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated August 24, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.