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Ormond Beach Multifamily Development Land
For Sale
Contact for pricing
Pending

1847 US-1, Ormond Beach, FL 32174

46.42 acres zoned multifamily near I-95 and the Ocean.

Property SizeContact for details
Lot Size46.42 Acres
Days on Market165

Property Features for 1847 US-1

General Information

Standard status Pending
Lot size 46.42 Acres
Property subtype Land
Zoning Commercial-2
Listing Agency: Cathay Holdings
Listed By: Wayne Hilmer · License #FL
Source: Crexi
Added: Mar 26 Changed: Sep 3 Last Checked: Sep 5 at 2:50PM

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

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Repair Shop Hair Salon Big Box & Wholesale Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

24
Businesses Nearby

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

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.
More about this property
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