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    1003 Us Highway 1 Ormond Beach, FL 32174

    For Sale
    $649,900

    Riverfront commercial lot, endless potential. 28,997 sq ft.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 28,997.89 square foot commercial property, located at 1003 US Highway 1 in Ormond Beach, Florida (zip code 32174), presents a unique investment opportunity. Boasting 240 feet of frontage directly on US Highway 1 and the Tomoka River, this B-4 zoned lot offers unparalleled visibility and access. The property includes an existing dock with a bar/gazebo/pavilion structure, providing a solid foundation for various commercial ventures. Previously utilized as a restaurant, all impact fees have been paid, streamlining the development process for future owners. The site features 1170 soft dock space and stunning river views, situated adjacent to an established marina. This prime location in Volusia County, Florida, combines high traffic visibility with the allure of a picturesque waterfront setting, making it ideal for a diverse range of commercial uses. The property's size and existing infrastructure offer significant potential for expansion and customization, catering to a wide spectrum of business plans. This is a rare opportunity to acquire a highly desirable commercial property in a thriving coastal community.

    Property Features for 1003 Us Highway 1

    General Information

    Property type
    Marinas

    HighLights

    • 28,997.89 SF commercial property at 1003 US Highway 1, Ormond Beach, FL 32174.
    • 240 feet of frontage on US Highway 1 and the Tomoka River; B‑4 zoning.
    • Existing dock with bar/gazebo/pavilion; all impact fees paid.
    • 1170 soft dock spaces; stunning river views; adjacent to established marina.
    • High traffic visibility and waterfront location ideal for diverse commercial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Marinas

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0952674
    Latitude
    29.3070773

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    FAQs

    What type of property is this?
    Marina - Riverfront commercial lot, endless potential. 28,997 sq ft.
    Where is this marina located?
    The property is located at 1003 Us Highway 1 Ormond Beach, FL.
    What is the asking price?
    The asking price for this property is $649,900.
    What are key features of this property?
    This property features: 28,997.89 SF commercial property at 1003 US Highway 1, Ormond Beach, FL 32174.; 240 feet of frontage on US Highway 1 and the Tomoka River; B-4 zoning.; Existing dock with bar/gazebo/pavilion; all impact fees paid.
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    1003 Us Highway 1 Ormond Beach, FL 32174
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    Ormond Beach, FL 32174
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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
    1003 Us Highway 1 Ormond Beach, FL 32174
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