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    250 Flagler Plaza Dr Palm Coast, FL 32137

    For Sale
    $2,500,000

    10.2-Acre Site, 96 Units Approved

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 10.2-acre parcel in Palm Coast, Florida, presents a remarkable multifamily development opportunity. Located at 250 Flagler Plaza Drive (APN 09-12-31-0000-01010-0000), this property boasts pre-approved entitlements for a 96-unit residential complex, featuring six two-story buildings, each with sixteen two-bedroom, two-bathroom units. The MFR-2 zoning allows for up to 120 units, offering significant potential for expansion. The existing site plan includes detailed permitting, pre-approvals, and surveys, all available for review. Strategically positioned just east of Interstate 95, this prime location offers exceptional visibility from I-95 and signage opportunities on I-95 and SR 100, ensuring high traffic exposure. Enjoy convenient access to shopping, restaurants, and medical facilities within walking distance. The asking price is $2,500,000. Note that impact fees, utility connection fees, and governmental fees (including permit fees) are not included in the sales price. This is a rare chance to acquire a fully entitled multifamily development site in a thriving Florida market. The property is situated south of SR 100 and west of Old Kings Road, providing excellent connectivity and accessibility. Don't miss this opportunity to capitalize on the strong demand for residential housing in this desirable location.

    Property Features for 250 Flagler Plaza Dr

    General Information

    Property type
    Land
    Lot Size
    444,312 SF

    HighLights

    • 10.2‑acre multifamily development site for sale in Palm Coast, FL.
    • MFR‑2 zoning allows up to 120 units; currently entitled for 96 units (six, two‑story buildings with sixteen 2/2 units each).
    • Complete site plans, permits, pre‑approvals, and surveys available.
    • Prime I‑95 location with excellent visibility and signage opportunities on I‑95 and SR 100.
    • Buyer responsible for impact fees, utility connection fees, and all governmental fees.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Dental Office Auto Repair Shop Hair Salon Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Coast
    County
    Flagler
    State
    Florida
    Longitude
    -81.1808591
    Latitude
    29.4743077

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    FAQs

    What type of property is this?
    Land - 10.2-Acre Site, 96 Units Approved
    Where is this land located?
    The property is located at 250 Flagler Plaza Dr Palm Coast, FL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 10.2-acre multifamily development site for sale in Palm Coast, FL.; MFR-2 zoning allows up to 120 units; currently entitled for 96 units (six, two-story buildings with sixteen 2/2 units each).; Complete site plans, permits, pre-approvals, and surveys available.
    Request Owner's contact information
    250 Flagler Plaza Dr Palm Coast, FL 32137
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    Palm Coast, FL 32137
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    250 Flagler Plaza Dr Palm Coast, FL 32137
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