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    1031 Us-1 Ormond Beach, FL 32174

    Sponsored
    For Sale
    $566,500

    Prime 2.06-acre commercial lot, US-1 frontage.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2.06-acre commercial property in Ormond Beach, Florida, is strategically located on US-1, boasting 327 feet of prime highway frontage. Situated just south of the intersection with Airport Road, this corner lot offers excellent visibility and accessibility, with a high average daily traffic count of 31,000 vehicles. The property's B-8 zoning permits a wide range of uses, including office, retail, assisted living facilities (ALF), and convenience stores. This presents a unique opportunity for developers and investors seeking a versatile location with significant development potential. The asking price is $566,500, translating to $275,000 per acre. To facilitate a smooth and efficient development process, a new survey and topographic study are readily available, along with a completed geotechnical evaluation, species report, and stormwater permit. All necessary engineering documentation is in place, allowing for immediate project commencement. The property's APN is 423808070160. This is a rare opportunity to acquire a well-positioned commercial parcel in a thriving Florida market. Don't miss out on this exceptional investment prospect.

    Property Features for 1031 Us-1

    General Information

    Property type
    Land
    Lot Size
    89,734 SF

    HighLights

    • 2.06‑acre parcel in Ormond Beach, directly on US Highway 1.
    • 327 feet of US‑1 frontage.
    • Excellent location, just south of Airport Road intersection.
    • B‑8 zoning permits diverse uses including office, retail, assisted living facilities (ALF), and convenience stores.
    • Corner lot with convenient left‑in/left‑out access.
    • Up‑to‑date survey and topography report available.
    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 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
    -81.097122
    Latitude
    29.308846

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    FAQs

    What type of property is this?
    Land - Prime 2.06-acre commercial lot, US-1 frontage.
    Where is this land located?
    The property is located at 1031 Us-1 Ormond Beach, FL.
    What is the asking price?
    The asking price for this property is $566,500.
    What are key features of this property?
    This property features: 2.06-acre parcel in Ormond Beach, directly on US Highway 1.; 327 feet of US-1 frontage.; Excellent location, just south of Airport Road intersection.
    Request Owner's contact information
    1031 Us-1 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
    1031 Us-1 Ormond Beach, FL 32174
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