Multifamily Development Land
For Sale
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1845 US-1, Ormond Beach, FL 32174
35 acres near I-95 with a proposed 10-units-per-acre density and a 50-foot height limit for multifamily development.
Property SizeContact for details
Days on Market121
Property Features for 1845 US-1
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
Cathay Holdings
Listed By:
Eric Joseph · License #Sl3407407
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Apr 12 at 4:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cathay Holdings
Investment Insights
Based on property information with market context.
This offering consists of approximately 35 acres of development land located as part of the proposed Sunrise Lakes at the Crossing Development. The property has a future land use in place allowing for up to 10 units per acre and includes a 50-foot development height limit. A concept plan calls for three-story apartments, and the site is described as including a 21-acre lake along with foliage and strips of wetlands that may support amenity use.
The land is positioned less than 1 mile from I-95 and about 10 minutes from the ocean, with access attributed to proximity to US Highway 1 and Ormond Crossings. The seller notes the subject property contains multiple land parcels and that development planning will require review by design and engineering professionals to determine the number of units after accounting for setbacks, buffers, stormwater, parking, wetlands, and other site constraints.
The remarks also provide zoning-related development conditions for multifamily, including minimum and maximum density parameters and screening and buffering requirements along project perimeters and parking areas. No multifamily building can be located within 50 feet of conforming single-family homes or single-family restricted residential districts, and minimum building-to-parking separation requirements are described.
The land is positioned less than 1 mile from I-95 and about 10 minutes from the ocean, with access attributed to proximity to US Highway 1 and Ormond Crossings. The seller notes the subject property contains multiple land parcels and that development planning will require review by design and engineering professionals to determine the number of units after accounting for setbacks, buffers, stormwater, parking, wetlands, and other site constraints.
The remarks also provide zoning-related development conditions for multifamily, including minimum and maximum density parameters and screening and buffering requirements along project perimeters and parking areas. No multifamily building can be located within 50 feet of conforming single-family homes or single-family restricted residential districts, and minimum building-to-parking separation requirements are described.
Key Highlights
- 35‑acre parcel less than 1 mile from I‑95 and about 10 minutes to the ocean in the proposed Sunrise Lakes at the Crossing Development
- Future land use allows multifamily development up to 10 units per acre (density shown as minimum 3 units/acre to a max of 10 units/acre)
- 50‑foot development height limit with a concept plan calling for 3‑story apartments
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
26
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Demographics for 32174, FL
53,097
Population
26,303
Households
2
Avg Household Size
55
Median Age
33%
College-Educated
93%
High-School Grad
125.4 sq mi
ZIP Area
423
Density / Sq Mi
$67,817
Median Household Income
$41,452
Median Earnings
$1,316
Median Rent
$315,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 35 acres near I-95 with a proposed 10-units-per-acre density and a 50-foot height limit for multifamily development.
Where is this residential land & home lot located?
The property is located at 1845 US-1 Ormond Beach, FL.
What are key features of this property?
This property features: 35‑acre parcel less than 1 mile from I‑95 and about 10 minutes to the ocean in the proposed Sunrise Lakes at the Crossing Development; Future land use allows multifamily development up to 10 units per acre (density shown as minimum 3 units/acre to a max of 10 units/acre); 50‑foot development height limit with a concept plan calling for 3‑story apartments
