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120 Old Mission Rd New Smyrna Beach, FL 32132

Sponsored
For Sale
$48,999

2.67 Acres, 5 Units, High Demand

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional 2.67-acre parcel, ideally situated off Old Mission Road near I-95 and Indian River Boulevard in Edgewater, Florida (Volusia County, zip code 32132), presents a compelling investment opportunity. Currently zoned for multifamily use, including apartments and mobile home parks, this property offers significant potential for development. The land boasts a substantial size (approximately 50 x 2670 feet), representing one of the largest available tracts in the prime Edgewater corridor. With five existing units and 26 pads, the property is priced at $48,999, representing a compelling $20,000 per acre land value and a $9,799.80 price per unit. The property is vacant and offers 50,000 square feet of air rights. The property's APN is 843801000981. The permitted zoning (MDR, Multifamily, Apartments) allows for various development scenarios, and a zoning change may be possible. This is a rare opportunity to acquire a large, well-located parcel in a high-demand area. The property is being sold as-is by the private owner. All cash offers will receive a written response within 24 hours. The property is classified as Class D with a 23% cap rate.

Property Features for 120 Old Mission Rd

General Information

Property type
Multifamily properties
Class
D
Lot Size
116,305 SF

Building Details

Units
5

HighLights

  • 50' x 2670' lot, one of the largest in Edgewater.
  • Priced at $65,000, accepting alternative currencies including gold and silver.
  • 2.67‑acre parcel, PIN 843801000981.
  • Listed by Miro Lakic, Executive Realty Network, 386‑761‑5676.
Property Profile Location Intelligence

Current Use by Public Records

Mobile home & RV ...

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
New Smyrna Beach
County
Volusia
State
Florida
Longitude
-80.938557318034
Latitude
28.963483194756

FAQs

What type of property is this?
Multifamily property - 2.67 Acres, 5 Units, High Demand
Where is this multifamily property located?
The property is located at 120 Old Mission Rd New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $48,999.
What are key features of this property?
This property features: 50' x 2670' lot, one of the largest in Edgewater.; Priced at $65,000, accepting alternative currencies including gold and silver.; 2.67-acre parcel, PIN 843801000981.
More about this property
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