Two-Building Retail Produce
1042 N Dixie Freeway New Smyrna Beach, FL 32168
1042 N Dixie Freeway, New Smyrna Beach, FL, 32168
$699,000
For Sale
$699,000
Two-building retail site with about 150 feet of direct U.S. Highway 1 frontage and paved parking on a sizable parcel.
Property Size2,042 SF
Lot Size0.77 Acres
Price / SF$342.31
Days on Market101
Property Features for 1042 N Dixie Freeway
General Information
- Standard status
- Active
- Size
- 2,042 SF
- Lot size
- 0.77 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1925
Listing agency
LOCAL LIVING REALTY GROUP
(386) 314-5458
Listed by
Glenn Moore
Source
Xome
Added: Apr 13 Updated: Jul 22 at 3:45AM Checked: Jul 22 at 3:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LOCAL LIVING REALTY GROUP
Investment Insights
Based on property information with market context.
This for-sale property features a two-building retail configuration at the original Perrine Produce location. The site totals approximately 1,600 sq ft across two buildings and sits on a 33,500 sq ft (0.77 acre) parcel with ample paved parking and flexible open-use space. The current layout supports retail and food-related uses, as well as outdoor sales or redevelopment, with additional land area that allows for potential expansion or reconfiguration.
The property is positioned directly on U.S. Highway 1, providing about 150 feet of direct frontage for strong street-level presence. Traffic counts along this stretch average over 28,000 vehicles per day, supporting high visibility and consistent pass-by activity from commuters.
For buyers seeking a prominent, land-rich retail site with two buildings and direct highway frontage, this offering combines an established commercial address with a straightforward site plan suited to multiple retail concepts.
The property is positioned directly on U.S. Highway 1, providing about 150 feet of direct frontage for strong street-level presence. Traffic counts along this stretch average over 28,000 vehicles per day, supporting high visibility and consistent pass-by activity from commuters.
For buyers seeking a prominent, land-rich retail site with two buildings and direct highway frontage, this offering combines an established commercial address with a straightforward site plan suited to multiple retail concepts.
Key Highlights
- Two‑building retail/mixed‑use site totaling 1,600 SF on a 33,500 SF (0.77‑acre) parcel
- Approximately 150 feet of direct frontage on U.S. Highway 1
- US‑1 traffic counts average over 28,000 vehicles per day on this stretch
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.8k | $21.96 |
| − Vacancy | −$3.5k | −$1.71 |
| EGI | $41.3k | $20.25 |
| − OpEx | −$10.3k | −$5.06 |
| NOI | $31.0k | $15.19 |
2,042 SF · lease $21.96/SF/yr · vacancy 7.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$443.0K
$387.6K – $516.8K
NOI $31,008 @ 7.0% cap · market cap 4.44%
Second Best
Retail
$274.8K
$240.4K – $320.6K
NOI $19,233 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$602.1K
$526.8K – $702.5K
NOI $42,147 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Storefront property - Two-building retail site with about 150 feet of direct U.S. Highway 1 frontage and paved parking on a sizable parcel.
Where is this storefront property located?
The property is located at 1042 N Dixie Freeway New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two‑building retail/mixed‑use site totaling 1,600 SF on a 33,500 SF (0.77‑acre) parcel; Approximately 150 feet of direct frontage on U.S. Highway 1; US‑1 traffic counts average over 28,000 vehicles per day on this stretch
