Citation Estates, a Mixed-Use Development Site

Vacant Land for Sale
Catylist Listing ID: 30018673
Property Subtypes: Multi-Family, Office, Retail, Other
Gross Land Area: 125 Acres
Sale Price: $2,088,000
Unit Price: $16,704 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/4/2017

Overview / Comments

Citation Estates is a mixed-use development site in Palm Coast, FL. The 125+/- acre site fronts on Belle Terre Parkway and is surrounded by dense, mature development. The property has an enviable location near to major economic drivers such as Palm Coast Town Center, Flagler County Airport and Florida Hospital Flagler. It offers quick access to SR 100 and I-95.

Citation Estates represents a unique opportunity to create a phased development project that can serve the needs of the local community. The 80+/- acres of usable uplands offer tremendous flexibility in development programming. The site carries a PUD zoning and was previously entitled for 483 development units. Previous plans and engineering are available.

We are currently offering the first two phases of Citation Estates (Parcels A & B) for sale. However, we are open to interest on the remaining residential sections should a buyer have the appetite.

SVN Alliance has been retained as the exclusive listing agent to market and sell this exciting development site. Interested parties are encouraged to contact us to further discuss the property and its entitlements in detail.

Additional Details

Nearest MSA: Deltona-Daytona Beach-Ormond Beach
County: Flagler
Tax ID/APN: 07-11-31-7064-000RP-0041
Zoning: PUD
Legal Description: 109.50 AC PALM COAST SECTION 64 RP 8-1 LESS/EXCEPT PIECE LYING ALONG CITATION PKWY AND BELLE TERRE LYING IN SWLY CRNR OF RESERVE PARCEL 8-1 AS DES ON OR 1402/1340 BEING 15.60 SEE TAX ROLL FOR ADDITIONAL LEGAL

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,739 48,855 68,480
Median Age: 50.85 46.28 47.28
Households: 4,416 19,452 27,741

Contact

Photograph of Listing Agent

Chris Butera

SVN Alliance
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