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    241 Martin Luther King Blvd S Daytona Beach, FL 32114

    Picture of Commercial land at Martin Luther King Blvd S 241, Daytona Beach, FL
    For Sale
    $775,000

    LAND - Daytona Beach, FL

    Lot size:
    1.89 Acres
    Days on Market:
    74
    Last Refresh:
    Dec 6 at 2:06 am

    Property Features for 241 Martin Luther King Blvd S

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    5339-28-02-0040
    Lot size
    1.89 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Water source
    Public

    Coldwell Banker Commercial Benchmark (386) 672-8530

    Listing agent G.G. Galloway (386) 672-8530

    Listing date Sep 24, 2025

    MLS# 1207616 Listing URL

    Copyright © 2025 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Daytona Beach Land Opportunity

    This property features 1.89 acres of land comprised of 8 cleared parcels located in the Midtown Redevelopment area of Daytona Beach, Florida. Grants may be available for development. The site was previously approved for 36 townhomes under an expired Planned District Agreement (PDA). The expired PDA included parking in the adjacent city parking lot and off-site retention maintained by the city. The future land use designation allows for a density of 40 units per acre. The owner may consider financing options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.026449
    Latitude
    29.205414

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    FAQs

    What type of property is this?
    Commercial land - 1.89 acres in Midtown Redevelopment area, Daytona Beach.
    Where is this commercial land located?
    The property is located at 241 Martin Luther King Blvd S Daytona Beach, FL.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: - 8 Cleared Parcels totaling 1.89 Acres in Midtown Redevelopment Area; - Future Land Use Allows **40 Units Per Acre**; - Possible Grants Available
    (386) 672-8530
    Request Owner's contact information
    241 Martin Luther King Blvd S Daytona Beach, FL 32114
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    Daytona Beach, FL 32114
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    241 Martin Luther King Blvd S Daytona Beach, FL 32114
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