Multi-Family Land 10.38+/- Acres

Vacant Land for Sale
Catylist Listing ID: 28273925
Property Subtypes: Multi-Family
Gross Land Area: 10.38 Acres
Sale Price: $4,200,000
Unit Price: $404,624 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/25/2017

Overview / Comments

Multifamily Land 10.38+/- Acres.
Designed as 280 Multifamily Units - Three 4-Story Buildings.
1,600 feet on Beach Street.
Access from Beach Street, Wilder Boulevard and Palmetto Avenue.
Zoned MFR-40 Multifamily Residential - 40.
Riverview Site - One block west of Halifax River.
Architects - Humphreys & Partners Architects Florida LLC.
Engineers - Zev Cohen & Associates, Inc. - Ormond Beach, FL.
Walking distance to Downtown Restaurants and Marinas.
4.75 miles from I-95 and I-4 and 1.99 miles from Downtown Daytona Beach.
5.99 miles from Daytona Beach Intl. Airport and 1.26 miles from Halifax Harbor Marina

Just Minutes to:
$46,000,000 Tanger Factory Outlet Center - 350,000 sf built on 39 acres projected to generate
900 full and part-time jobs
$800,000,000 One Daytona mixed-use project, estimated 7,200 new jobs
Embry Riddle $12,000,000 Research and Technology Park, projected to create 300 new jobs
Daytona International Auto Mall $25,000,000 expansion including CarMax, BMW, Maserati &
Mini Cooper projected to create 100 new jobs
Trader Joe’s $80,000,000 - 800,000 sf distribution warehouse 450 New jobs being created
Proposed $130,000,000 Daytona Beach Resort projected 400 new jobs
Proposed $150,000,000 Hard Rock Hotel/Condo to create 300 new jobs
Daytona International Speedway and International Speedway Corporation 190,000 SF Headquarters
Daytona Beach Golf Club
Embry-Riddle Aeronautical University - more than 6,000 Faculty and Student Body
944 Bed Halifax Health Medical Center $200,000,000 Addition
Daytona Beach International Airport
Daytona State College - more than 33,000 Students annually and 1,797 employees
Bethune-Cookman University - Faculty and Student Body of more than 3,500
International Speedway Boulevard Commercial Corridor and Interstate 95 $246,300,000 new Interchange

One block west of Halifax River on the NW corner of Wilder Boulevard and Beach Street.

Additional Details

Nearest MSA: Deltona-Daytona Beach-Ormond Beach
County: Volusia
Tax ID/APN: 6 Parcels
Zoning: MFR-40 MULTIFAMILY RESIDENTIAL - 40

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,134 65,878 124,131
Median Age: 41.19 43.13 43.47
Households: 5,712 30,084 56,821

Contact

Photograph of Listing Agent

John W. Trost, CCIM

SVN | Alliance Commercial Real Estate Advisors
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