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    1005 Us Highway 1 Ormond Beach, FL 32174

    Sponsored
    For Sale
    $649,900

    1+ Acre Riverfront Commercial Property, US-1 Frontage.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional investment opportunity in Ormond Beach, Florida! This 53,278.24 square foot property boasts over one acre of prime commercial land with significant frontage on both US Highway 1 and the Tomoka River. The US-1 frontage offers unparalleled visibility and accessibility for any commercial venture, while the approximately 190 feet of river frontage presents unique possibilities. The property is zoned B4, providing flexibility for a variety of commercial uses. This location in Volusia County offers a blend of high traffic volume from US-1 and the serene beauty of the Tomoka River. The property's size and dual frontage make it ideal for development projects requiring both high visibility and unique waterfront access. The asking price is $649,900. This is a rare chance to acquire a substantial piece of commercial real estate in a desirable Florida location. The address is 1005 US Highway 1, Ormond Beach, FL 32174. Don't miss this opportunity to secure this exceptional property.

    Property Features for 1005 Us Highway 1

    General Information

    Property type
    Marinas

    HighLights

    • Exceptional investment opportunity: 53,278.24 sq ft commercial lot in Ormond Beach, FL, priced at $649,900.
    • Over one acre of land with significant US‑1 and Tomoka River frontage.
    • High visibility and accessibility due to US‑1 frontage; unique waterfront possibilities.
    • B4 zoning allows for diverse commercial uses.
    • Located at 1005 US Highway 1, Ormond Beach, FL 32174.
    Property Profile Location Intelligence

    Current Use by Public Records

    Marinas

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0956537
    Latitude
    29.3072942

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    FAQs

    What type of property is this?
    Marina - 1+ Acre Riverfront Commercial Property, US-1 Frontage.
    Where is this marina located?
    The property is located at 1005 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: Exceptional investment opportunity: 53,278.24 sq ft commercial lot in Ormond Beach, FL, priced at $649,900.; Over one acre of land with significant US-1 and Tomoka River frontage.; High visibility and accessibility due to US-1 frontage; unique waterfront possibilities.
    Request Owner's contact information
    1005 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
    1005 Us Highway 1 Ormond Beach, FL 32174
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