Multifamily Land 10.38+/- Acres

Vacant Land for Sale
Catylist Listing ID: 30319280
Property Subtypes: Multi-Family
Gross Land Area: 10.38 Acres
Sale Price: $2,500,000
Unit Price: $240,847 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/15/2018

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.
2.1 miles from proposed Brown and Brown Insurance 10-story downtown headquarters.

Just Minutes to:
Brown and Brown Insurance plans to build a $30,000,000, 10-story downtown headquarters overlooking the Halifax River – projected completion in 2020.
$192,000,000 Daytona Beach Convention Hotel & Condominiums 501 hotel rooms & 128 condo units. 1.1 Million SF on 4.5 acres, plus 517 space parking garage – Under construction.
$40,000,000 200 room Hard Rock Hotel at 900 N. Atlantic Avenue – Opened 2018.
Daytona International Speedway and International Speedway Corporation 190,000 SF Headquarters.
$46,000,000 Tanger Factory Outlet Center - 350,000 SF - Opened 2016.
$800,000,000 One Daytona mixed-use project, estimated 7,200 new jobs. Bass Pro Shops, Cobb Daytona Luxury Theatres, PF Chang’s, Guitar Center, and Marriott Autograph Collection – Opened 2017.
LPGA Golf Course & Jimmy Buffett's Latitude Margaritaville proposed 6,900 new homes – Under construction.
Mosaic proposed 1,100 homes and Bayberry Lakes 1,000 homes under construction – LPGA Boulevard corridor.
Buc-ee’s planned 120-pump, 50,000 SF convenience store on LPGA Boulevard.
LandShark Bar & Grill and Cocina 214 restaurants on beachside – Opened 2017.
Embry-Riddle Aeronautical University and Embry Riddle $12,000,000 Research and Technology Park.
944 Bed Halifax Health Medical Center.
Daytona Auto Mall 18 Auto Dealerships including Ford, Dodge, BMW, Maserati, Mercedes Benz, Infiniti & Mini Cooper.
Trader Joe’s $80,000,000 - 800,000 SF distribution warehouse 450 new jobs created.
Daytona Beach International Airport.
Daytona State College - more than 21,000 Students annually and 1,497 employees.
Bethune-Cookman University - Faculty and Student Body of more than 4,100.
International Speedway Boulevard Commercial Corridor and Interstate 95 $246,300,000 new Interchange - under construction.

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

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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
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.