Turnkey Drive-Thru Restaurant
1518 S DIXIE FREEWAY New Smyrna Beach, FL 32168
1518 S DIXIE FREEWAY, New Smyrna Beach, FL, 32168
$739,000
For Sale
$739,000
COMMERCIAL - New Smyrna Beach, FL
Property Size1,944 SF
Lot Size10,500.00 Acres
Price / SF$380.14
Days on Market50
Property Features for 1518 S DIXIE FREEWAY
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 744904030180
- Size
- 1,944 SF
- Lot size
- 10,500.00 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PLEASE SEE CONTRACT ADDENDUM #1 ATTACHED IN SUPPLEMENTS
- Tax Annual Amount
- 6612
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1963
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Concrete
- Building materials
- Block
- Roof type
- Membrane
Listing Agency
Salty City Realty
(386) 295-9299
600 N Ridgewood Ave Ste c, New Smyrna Beach, FL
Listed by
Pete Klironomos · License #BK3410351
(386) 295-9299
Added: Jun 1 Updated: Jul 2 at 1:30 pm Checked: Jul 20 at 2:06 pm
MLS# 1227158
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is a turnkey restaurant/food service facility with drive-thru capability, currently under use by the owner. The sale includes the real estate facility along with all affixed equipment in place and the interior furnishings, supporting immediate operation for a restaurant or general quick-service concept. Outdoor patio space is included, with the total area reported at approximately 2,488 square feet, including about 1,944 square feet of HVAC’d interior space.
The site is located at 1518 S Dixie Freeway in New Smyrna Beach, Florida 32168, within Volusia County. Reported traffic count is approximately 28,000 AADT.
For buyers and operators seeking a ready-to-use quick service setup, the inclusion of affixed equipment and interior furnishings can reduce upfront buildout and start-up uncertainty. The listing is appointment-only, and the listing agent must arrange site access with at least 24 hours’ notice. A cash/POF letter is required in advance to schedule a site visit, and the seller would consider a lease purchase option with a two-year lease contract that secures the lessee/buyer purchase price, with conveyance at lease termination.
The site is located at 1518 S Dixie Freeway in New Smyrna Beach, Florida 32168, within Volusia County. Reported traffic count is approximately 28,000 AADT.
For buyers and operators seeking a ready-to-use quick service setup, the inclusion of affixed equipment and interior furnishings can reduce upfront buildout and start-up uncertainty. The listing is appointment-only, and the listing agent must arrange site access with at least 24 hours’ notice. A cash/POF letter is required in advance to schedule a site visit, and the seller would consider a lease purchase option with a two-year lease contract that secures the lessee/buyer purchase price, with conveyance at lease termination.
Key Highlights
- Restaurant/quick‑service facility with drive‑thru capability
- Total area with outdoor patio is ~2,488 SF, including ~1,944 SF HVAC’d interior space
- ~28,000 AADT traffic count reported
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 | $42.7k | $21.96 |
| − Vacancy | −$3.3k | −$1.71 |
| EGI | $39.4k | $20.25 |
| − OpEx | −$9.8k | −$5.06 |
| NOI | $29.5k | $15.19 |
1,944 SF · lease $21.96/SF/yr · vacancy 7.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$421.7K
$369.0K – $492.0K
NOI $29,520 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$573.2K
$501.6K – $668.7K
NOI $40,124 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Drive through restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Drive through restaurant - Fully equipped, owner-operated restaurant with drive-thru capability and patio seating, offered with interior furnishings and equipment.
Where is this drive through restaurant located?
The property is located at 1518 S DIXIE FREEWAY New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $739,000.
What are key features of this property?
This property features: Restaurant/quick‑service facility with drive‑thru capability; Total area with outdoor patio is ~2,488 SF, including ~1,944 SF HVAC’d interior space; ~28,000 AADT traffic count reported
