Ormond Beach Multifamily Development
1847 US-1 Ormond Beach, FL 32174
1847 US-1, Ormond Beach, FL, 32174
Contact for pricing
For Sale
Contact for pricing
Pending
46.42 acres zoned multifamily near I-95 and the Ocean.
Lot Size46.42 Acres
Days on Market118
Property Features for 1847 US-1
General Information
- Standard status
- Pending
- Lot size
- 46.42 Acres
- Property subtype
- Land
Listing agency
Cathay Holdings
Listed by
Wayne Hilmer · License #FL
Source
Crexi
Added: Mar 26 Updated: Jul 10 at 11:19AM Checked: Jul 19 at 8:47AM
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, the property consists of 46.42 acres zoned for multifamily development, allowing for the construction of 368 units. The site is situated less than 1 mile from I-95 and 15 minutes from the beach and Daytona. The property's future land use designation is Low-Intensity Commercial, with multifamily dwellings permitted as a conditional use within the zoning district. The zoning allows for 8 units per acre, with a 30-foot development height limit. The property is adjacent to Ormond Crossings on US HWY 1, approximately 1 mile from US 95 exit 273. The site is suitable for multifamily and retail development, offering the potential to build apartments and townhouses. Entry-level townhomes in the adjacent community are selling in the $379,000 to $400,000 range, with other properties reaching multimillion-dollar values. A design professional and engineering professional is required to advise on the number of units that could be developed on the site after meeting setback, buffer requirements, stormwater, parking, wetlands, sewer capacity, etc. Multiple-family dwelling means a building containing three (3) or more dwelling units. If the project includes more than one (1) building, the distance between buildings (D) shall not be less than twenty feet (20′), plus an additional five feet (5′) for each story over two (2). No structure shall exceed one hundred eighty feet (180′) in length unless a planned development is obtained. Maximum possible privacy shall be provided for each dwelling unit through the use of structural screening and landscaping and building orientation. Auditory privacy shall be enhanced through the use of sound-absorbing building materials. The landscaping and architecture shall be coordinated to establish an optimum environment with regard to the compatibility of materials, scale, and access, and utility of open spaces.
Key Highlights
- 46.42 acres zoned multifamily for 368 units.
- Located less than 1 mile from I‑95.
- Future land use allows for 8 units per acre.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - 46.42 acres zoned multifamily near I-95 and the Ocean.
Where is this commercial land located?
The property is located at 1847 US-1 Ormond Beach, FL.
What are key features of this property?
This property features: 46.42 acres zoned multifamily for 368 units.; Located less than 1 mile from I‑95.; Future land use allows for 8 units per acre.