Lot 3, Multifamily & Commercial Development Site

Vacant Land for Sale
Catylist Listing ID: 30018619
Property Subtypes: Multi-Family, Office, Retail, Other
Gross Land Area: 157 Acres
Sale Price: $4,500,000
Unit Price: $28,662 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/6/2019

Overview / Comments

Lot 3 is a multifamily and commercial development site in Palm Coast, FL. The site is located on Pine Lakes Parkway approximately 0.5 miles north of Palm Coast Parkway, which is the primary east/west road in Palm Coast. The property has an enviable location near the major shopping centers, restaurants and recreation of the area. It offers quick access to both I-95 and US 1 and is just 4.5 miles from the beach.

The 157+/- acre site offers 30+/- acres of usable uplands for development. Conceptual plans have been done showing a 220+ unit garden-style multifamily project along with commercial out parcels along Pine Lakes Parkway. The site can be subdivided. Seller financing/JV options are available to qualified buyers.

Flagler County was named the FASTEST GROWING COUNTY IN THE ENTIRE US in 2006 and continues to bring in new residents, business, shopping and entertainment during this recovery. There is a strong demand for additional rental housing here. The site is adjacent to the Pine Lake Luxury Apartments, one of Flagler County's top multifamily properties (95%+ occupancy).

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 in detail.

Additional Details

Nearest MSA: Deltona-Daytona Beach-Ormond Beach
County: Flagler
Tax ID/APN: 10-11-30-5115-00000-0030

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,968 35,180 62,205
Median Age: 45.05 48.51 45.83
Households: 1,965 14,226 24,733


Photograph of Listing Agent

Chris Butera

SVN Alliance
The information presented herein is provided as is, without warranty of any kind. Neither Catylist nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.