Bellaria Intracoastal Residences

Vacant Land for Sale
Catylist Listing ID: 1897547
Property Subtypes: Multi-Family
Gross Land Area: 3 Acres
Sale Price: $2,700,000
Unit Price: $900,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2017

Overview / Comments

Bellaria Intracoastal Residences.
Upscale 53 Unit Condominium Project - Fully Entitled project.
3+/- Acres - 300+/- Feet of direct Halifax River frontage. Proposed upscale 53 unit condominium project with units ranging from 2,500 SF to 5,600 SF including two story penthouses. All residences have direct views of Halifax River.
Resort style pool with 5 poolside cabanas.
Freestanding single garages in addition to covered and exterior parking.
Potential additional income from cabana, dock and garage sales.
Proposed 40 slip dock permit is nearing completion and shall be provided by seller. Conceptual dock layout available. Number of slips will be based on actual mooring size. Increase in dock density may be available.
Entitled including City of Daytona Beach Development Order, SJRWMD stormwater permit, City of Daytona site plan approval, SJRWMD revetment and retaining wall permit and all other permits necessary to proceed to a building permit.
Design and development plans have been completed by Powers Architects Jacksonville, FL.
All plans, permits, and entitlements can be signed to Purchaser including but not limited to SJRWMD, DEP, DOT, DOH, etc.
All utilities are available at the site.
Site - Land is cleared and ready for construction.
Value Add - It has been estimated over $500,000 has been expended on soft costs, site plan, design, permits, etc.
Seller financing available at 5%.

Site situated in a historical neighborhood on the Halifax Intracoastal Waterway. Short walk to the World’s Most Famous Daytona Beach. Most likely the last high rise development to be approved on the Halifax River beachside. Located in Daytona Beach perfectly nestled between Ormond Beach and Port Orange.

Additional Details

Nearest MSA: Deltona-Daytona Beach-Ormond Beach
County: Volusia
Tax ID/APN: 5305-01-01-0050 & 5305-01-01-0040
Zoning: PD-G PLANNED DEVELOPMENT - GENERAL
Development Name: Bellaria Intracoastal Residences

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,700 63,355 111,173
Median Age: 44.8 41.19 43.75
Households: 5,363 28,169 50,326

Contact

Photograph of Listing Agent

John W. Trost, CCIM

SVN | Alliance Commercial Real Estate Advisors
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