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WALLACE ROAD

Lots/Land For Sale
$180,000

BTC: 2.81469898

ETH: 94.60539040

-$45K (2026/06/30)
140 days
0 room(s)

Overview

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.

Location

Details

Type:
Land
Parking:
No Data
Year Built:
No Data
Lot:
0.72 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$129,900
$87K – $189K
Confidence Low
List vs. estimate
$50K above estimate
List $180,000 · +38.6%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
5 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$1,575
2025
All facts and features
  • Lot

    • Lot: 0.72 Acres

    Other Property Information

    • Parcel Number: 732401000102

    • Zoning: B-2

  • Type and style

    • Property Type: Land

  • Utility

    • Electricity Available

    • Public

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $1,576

  • Source details

    • MLS ID: NS1087589

    Other facts

    • Lot Features: Central Business District / Fire Hydrant

    • Water Source: None

    • Lot Size Dimensions: 140 x 175

    • Subdivision Name: HAWLEY

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: NSB HOMES LLC