Live-Work Automotive Retail
600 N DIXIE FREEWAY New Smyrna Beach, FL 32168
600 N DIXIE FREEWAY, New Smyrna Beach, FL, 32168
$1,300,000
For Sale
$1,300,000
Concrete block commercial building with a permitted residential living area, roll-up shop door, and two adjacent vacant lots.
Property Size2,896 SF
Lot Size0.58 Acres
Price / SF$448.90
Days on Market35
Property Features for 600 N DIXIE FREEWAY
General Information
- Standard status
- Active
- Size
- 2,896 SF
- Lot size
- 0.58 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1958
Listing agency
EXIT REAL ESTATE PROPERTY SOL
(386) 763-3008
Listed by
Carl Vasile · License #3240095
Source
Miharaandassociates
Added: Jun 19 Updated: Jul 22 at 10:45PM Checked: Jul 22 at 10:45PM
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 EXIT REAL ESTATE PROPERTY SOL
Investment Insights
Based on property information with market context.
The property includes a solidly constructed 2,896-square-foot concrete block building built in 1958, along with two adjacent vacant commercial lots. The interior offers 10-foot-plus ceilings throughout, with approximately 12.5-foot ceilings in the shop area. A 10-foot roll-up door is in place, with the potential to add a second roll-up door if desired. Significant improvements include a newly installed gable roof with decking replacement and impact-resistant windows throughout most of the structure, along with energy-efficient upgrades. The layout also features a permitted residential living area with a stainless-steel kitchen, separated from the commercial space by a firewall built with 5/8-inch Type X fire-rated drywall, fire-rated doors, and an estimated 90+ minute burn rating.
The property is described as having exceptional visibility along the US-1 corridor and multiple access points, stretching from N Dixie Freeway (US-1) to Dora Street. It has metered natural gas service, a tankless water heater, and gas connections including a gas range and gas dryer connections. The site is stated to be outside of a flood zone.
Environmental remediation related to the former service station history has been addressed, with Phase I environmental documentation available and a clean site status already established. The property is zoned B-3 Mixed Use, supporting the live-work configuration described in the building’s improvements.
The property is described as having exceptional visibility along the US-1 corridor and multiple access points, stretching from N Dixie Freeway (US-1) to Dora Street. It has metered natural gas service, a tankless water heater, and gas connections including a gas range and gas dryer connections. The site is stated to be outside of a flood zone.
Environmental remediation related to the former service station history has been addressed, with Phase I environmental documentation available and a clean site status already established. The property is zoned B-3 Mixed Use, supporting the live-work configuration described in the building’s improvements.
Key Highlights
- Commercial assemblage includes a 2,896 SF concrete block building plus 2 adjacent vacant commercial lots on 0.58 acres (3 contiguous parcels).
- Building constructed in 1958 with updates including newly installed gable roof with decking replacement, and impact‑resistant windows throughout most of the structure.
- B‑3 Mixed Use zoning with a permitted residential living area plus stainless‑steel kitchen for live/work use.
Local Financial Insights For Office B
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 | $62.6k | $21.60 |
| − Vacancy | −$4.7k | −$1.62 |
| EGI | $57.9k | $19.98 |
| − OpEx | −$14.5k | −$5.00 |
| NOI | $43.4k | $14.99 |
2,896 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$620.0K
$542.5K – $723.3K
NOI $43,397 @ 7.0% cap · market cap 3.34%
Second Best
Mixed Use
$511.0K
$447.2K – $596.2K
NOI $35,773 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$853.9K
$747.2K – $996.2K
NOI $59,773 @ 7.0% cap · market cap 4.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Concrete block commercial building with a permitted residential living area, roll-up shop door, and two adjacent vacant lots.
Where is this live-work space located?
The property is located at 600 N DIXIE FREEWAY New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Commercial assemblage includes a 2,896 SF concrete block building plus 2 adjacent vacant commercial lots on 0.58 acres (3 contiguous parcels).; Building constructed in 1958 with updates including newly installed gable roof with decking replacement, and impact‑resistant windows throughout most of the structure.; B‑3 Mixed Use zoning with a permitted residential living area plus stainless‑steel kitchen for live/work use.
