Ormond Beach Multifamily Retail
For Sale
Contact for pricing
1845 US-1, Ormond Beach, FL 32174
220 acres zoned for multifamily and retail development.
Property SizeContact for details
Lot Size220.00 Acres
Days on Market1490
Property Features for 1845 US-1
General Information
Standard status
Active
Lot size
220.00 Acres
Property subtype
Land
Listing Agency:
Cathay Holdings
Listed By:
Wayne Hilmer · License #FL
Source:
Crexi
Added: Jul 13, 2022
Changed: Aug 8
Last Checked: Aug 8 at 4:06AM
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.
Located in Ormond Beach, Florida, this 220-acre property presents a multifamily and retail development opportunity. Comprised of five parcels, the land is zoned for low-intensity commercial use, with multifamily dwellings permitted as a conditional use. The property is situated adjacent to Ormond Crossings on US Highway 1, approximately one mile from US 95 exit 273, and 15 minutes from both the beach and Daytona. The site is suitable for a rental community and can be subdivided for apartments and townhomes. A key feature of the property is a 21-acre lake, along with strips of wetlands that can be utilized as amenities. The zoning allows for multiple-family dwellings, defined as buildings containing three or more dwelling units, excluding transient lodging such as hotels or motels. Development conditions include landscaped buffers along the project perimeters, screened parking areas from single-family residential properties, and minimum distances between multifamily buildings and single-family homes or residential districts. Design and engineering professionals are required to advise on the number of units that can be developed, considering factors such as setbacks, stormwater management, parking, and sewer capacity. Entry-level townhomes in the adjacent community are selling in the $379,000 to $400,000 range.
Key Highlights
- Zoned for multifamily and retail development, allowing for diverse building options.
- Located in Ormond Beach on US HWY 1, near Ormond Crossings and only 1 mile from US 95 (exit 273), offering excellent accessibility.
- Equity financing available, presenting an opportunity for investment.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 220 acres zoned for multifamily and retail development.
Where is this commercial land located?
The property is located at 1845 US-1 Ormond Beach, FL.
What are key features of this property?
This property features: Zoned for multifamily and retail development, allowing for diverse building options.; Located in Ormond Beach on US HWY 1, near Ormond Crossings and only 1 mile from US 95 (exit 273), offering excellent accessibility.; Equity financing available, presenting an opportunity for investment.
