1845 Us Highway 1 Ormond Beach, FL 32174

This exceptional 220-acre property in Ormond Beach, Florida, presents a remarkable multifamily and retail development opportunity. Ideally situated on US Highway 1, just one mile from US 95 exit 273, this location offers unparalleled convenience, being only 15 minutes from both the beach and Daytona. The land comprises five separate parcels, zoned for multifamily use (conditional) with a future land use designation of Low-Intensity Commercial. A significant feature is a beautiful 20-acre lake, along with wetland areas that could serve as attractive community amenities. Nearby comparable townhomes sell in the $379,000-$400,000 range, indicating strong market demand. Development plans will require professional design and engineering input to determine the optimal number of units, considering setbacks, buffers, stormwater management, parking, wetlands, sewer capacity, and other relevant regulations. Specific zoning conditions include minimum buffer widths, parking area screening, building separation distances (varying based on building height and planned development status), maximum building length restrictions (with exceptions for planned developments), and architectural design guidelines emphasizing privacy, sound absorption, and compatibility with the surrounding area. The property's size and location, combined with its unique features and zoning potential, make it an exceptional investment prospect. The definition of multifamily dwelling, as per zoning regulations, is a building containing three or more dwelling units, excluding transient lodging.