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    Wild Olive Ave Daytona Beach, FL 32118

    Sponsored
    For Sale
    $2,500,000

    Beachside acreage, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 2.3-acre commercial land parcel presents a rare investment opportunity in Daytona Beach, Florida's desirable beachside area. Currently zoned RP, the land is already subdivided into 31 separate parcels, offering immediate development potential. Utilities are readily available, and the zoning permits a density of up to 20 units per acre, significantly increasing the potential return on investment. The property's prime location within the historic Seabreeze Boulevard district provides exceptional access to both the Atlantic Ocean and the Intracoastal Waterway, enhancing its appeal and value. Adding to its strategic advantage, there's a potential for assemblage with the adjacent Wells Fargo bank branch, allowing for the control of an entire city block. This presents a unique chance to create a substantial development project in a highly sought-after location. The asking price for this remarkable property is $2,500,000. Don't miss this chance to acquire a significant piece of Daytona Beach real estate.

    Property Features for 0 Wild Olive Ave

    General Information

    Property type
    Land
    Lot Size
    100,188 SF

    HighLights

    • $2,500,000 asking price.
    • 2.3‑acre commercial land parcel.
    • Located in Daytona Beach, FL, Volusia County, zip code 32118.
    • RP zoning.
    • Cleared and subdivided into 31 parcels with available utilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0140698
    Latitude
    29.2338045

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    FAQs

    What type of property is this?
    Land - Beachside acreage, development potential.
    Where is this land located?
    The property is located at Wild Olive Ave Daytona Beach, 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: $2,500,000 asking price.; 2.3-acre commercial land parcel.; Located in Daytona Beach, FL, Volusia County, zip code 32118.
    Request Owner's contact information
    Wild Olive Ave Daytona Beach, FL 32118
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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
    Wild Olive Ave Daytona Beach, FL 32118
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