28 Acres Mixed Use Development Site

Vacant Land for Sale
Catylist Listing ID: 30205154
Property Subtypes: Industrial, Multi-Family, Office, Residential (Single Family), Other
Gross Land Area: 28 Acres
Sale Price: $1,500,000
Unit Price: $53,571 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/19/2018

Overview / Comments

+/- 28 Acres of mixed use land with approximately 20 acres useable with 1,250 feet of Flomich frontage and 1,250 feet on the railroad track. The property consists of 5 parcels with multiple zoning classifications allowing for a variety of uses. Previous entitlements and approvals by the SJRWMD on the East side of the property include an Industrial Park with over 117,000 square feet of space in 8 buildings. The West portion of the property has plans for up to 77 multi-family units or 20 platted lots for single family residential development. The Northern portion of the property consists of 2.55 acres of land with an existing home fronting the Riviera Country Club Golf Course. This may be a continued use with an opportunity to develop additional homes on the property. The State Street corridor along the railroad is a mature industrial market with historically low vacancy rates.

Water and Sewer service are available at Flomich. Power is currently run underground to a small building on the Eastern portion of the property and there is a deep water well on site. Engineering, planning and entitlement work was completed in 2008 by Zev Cohen and is ready for application with the City of Holly Hill.
The seller prefers to sell the properties together but will consider dividing the parcels and/or a joint venture.

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Additional Details

Nearest MSA: Deltona-Daytona Beach-Ormond Beach
County: Volusia
Tax ID/APN: 4242-04-28-0171 & 4242-04-28-0170 & 4242-38-02-0080 & 4242-38-02-0010 & 4242-38-01-0010
Zoning: I-2 & CC-1 & B-5 & R-2
Property Located Between: North Side of Flomich Just West of the Railroad Tracks
Lot Frontage: 1250

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,107 65,576 105,982
Median Age: 45.97 45.19 44.71
Households: 5,111 29,368 48,086
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