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555 Spring Garden Ave DeLand, FL 32724

For Sale
$2,200,000

9.17 Acres, 116-Unit Potential

Description

Added:
Dec 11, 2024
Days on Market:
364
This exceptional 9.17-acre commercial land parcel presents a rare multi-family development opportunity in the thriving city of DeLand, Florida. Located at 555 N Spring Garden, this property is ideally situated within city limits, offering convenient access to essential amenities and infrastructure. The site boasts a permitted zoning of 05R-16 (Multiple Family Dwelling District), with a small portion zoned C-2 (General Commercial). The asking price is $2,200,000, translating to a land value of $5.51 per square foot. A significant advantage is the seller's indication that the City of DeLand previously approved a density of 116 units for this location, providing a strong foundation for a substantial development project. The property's proximity to a hospital (part of the Adventist Health System) and its walking distance to various restaurants further enhance its appeal and potential for attracting residents. Utilities are readily available, simplifying the development process. This prime location in DeLand, combined with its zoning and potential unit density, makes this a truly unique investment opportunity. The 32724 zip code ensures easy access to major transportation routes and other key areas of Volusia County. Don't miss this chance to acquire a highly desirable and strategically located parcel in a rapidly growing Florida market.

Property Features for 555 Spring Garden Ave

General Information

Property type
Land
Lot Size
399,445 SF

HighLights

  • Adjacency to Adventist Health System hospital.
  • Walkable to numerous restaurants.
  • Unique investment opportunity in DeLand, FL.
  • Zoned for up to 116 residential units (per City of DeLand).
  • All major utilities readily available.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
DeLand
County
Volusia
State
Florida
Longitude
-81.229853
Latitude
29.0612685

FAQs

What type of property is this?
Land - 9.17 Acres, 116-Unit Potential
Where is this land located?
The property is located at 555 Spring Garden Ave DeLand, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Adjacency to Adventist Health System hospital.; Walkable to numerous restaurants.; Unique investment opportunity in DeLand, FL.
More about this property
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