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    1657 Us-1 Ormond Beach, FL 32174

    For Sale
    $899,000

    5.2 Acres, High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 5.2-acre commercial land parcel is ideally situated on the hard corner of US Highway 1 and Destination Daytona Lane in Ormond Beach, Florida. Boasting over 1,000 feet of frontage along US Highway 1, which sees 18,200 vehicles daily, this property offers unparalleled visibility and accessibility. The B-7 zoning permits a wide range of commercial uses, including gas stations, quick-service restaurants, and strip centers, making it suitable for various development opportunities. Its proximity to Interstate 95 (exit 273), less than a quarter-mile away, allows for easy access from the interstate, attracting substantial highway traffic. The site is strategically located at the main entrance to Destination Daytona, a thriving mixed-use entertainment complex featuring prominent tenants such as Harley Davidson, Love's Travel Stop, and many others. This prime location benefits from significant residential growth in the area, with nearby communities like Plantation Bay and Ormond Crossings adding thousands of new homes in the coming years. The property is available for sale as a whole or can be subdivided into smaller outparcels to accommodate various development plans. Recent commercial development in the immediate vicinity includes a new Security First Insurance headquarters, a Race Trac Superstation, and other retail establishments, further highlighting the area's strong growth trajectory. The asking price for this exceptional opportunity is $899,000.

    Property Features for 1657 Us-1

    General Information

    Property type
    Land
    Lot Size
    226,512 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.1345716
    Latitude
    29.3395989

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    FAQs

    What type of property is this?
    Land - 5.2 Acres, High-Traffic Location
    Where is this land located?
    The property is located at 1657 Us-1 Ormond Beach, FL.
    What is the asking price?
    The asking price for this property is $899,000.
    (386) 453-4789
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    1657 Us-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
    1657 Us-1 Ormond Beach, FL 32174
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