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    241 S Martin Luther King Blvd Daytona Beach, FL 32114

    For Sale
    $775,000

    1.89 acres in Midtown Redevelopment area, Daytona Beach.

    Property size:
    1 SF
    Lot size:
    1.89 Acres

    Property Features for 241 S Martin Luther King Blvd

    General Information

    Zoning
    Multi-Family
    Size
    1 SF
    Lot size
    1.89 Acres

    Source: G.G. Galloway Agent G.G. Galloway

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Midtown Redevelopment Land Opportunity

    This property features 1.89 acres of land, consisting of eight cleared parcels, situated in the Midtown Redevelopment area. The future land use allows for 40 units per acre. Conveniently located near Bethune Cookman University, just south of International Speedway Boulevard, this property offers potential for redevelopment. Grants may be available for projects within the redevelopment area. The site was previously approved for 36 townhomes under a Planned District Agreement, which has since expired. Short term financing options may be available from the owner.
    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
    -81.0536
    Latitude
    29.1935

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    FAQs

    What type of property is this?
    Land - 1.89 acres in Midtown Redevelopment area, Daytona Beach.
    Where is this land located?
    The property is located at 241 S Martin Luther King Blvd 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: - High-density redevelopment potential with future land use allowing 40 units per acre.; - Large land area: 1.89 acres of cleared parcels ready for your vision.; - Redevelopment opportunity in the Midtown Redevelopment area.
    (386) 672-8530
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    241 S Martin Luther King Blvd 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 S Martin Luther King Blvd Daytona Beach, FL 32114
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