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    1610 Magnolia Ave South Daytona, FL 32119

    Sponsored
    For Sale
    $350,000

    Prime 1+ acre commercial lot, $350,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land parcel, located at 1610 Magnolia Avenue in South Daytona, Florida (zip code 32119), presents a unique investment opportunity. Spanning 43,560 square feet (just over one acre), this mostly cleared lot is ideally situated just off Beville Road, offering excellent visibility and accessibility. The property is zoned for potential commercial development, making it suitable for a wide range of uses. Previously improved with a building that was completely demolished in 2015, this site offers a clean slate for new construction. Its strategic location provides convenient access to major transportation routes and nearby amenities. An adjacent property at 905 Beville Road, also available for purchase, offers the possibility of acquiring a combined two-acre lot for expanded development potential. This presents a significant advantage for investors seeking a larger footprint or a more comprehensive project. Prospective buyers are encouraged to conduct their own due diligence to fully assess the property's suitability for their intended use. The asking price for this prime commercial land is $350,000. Don't miss this chance to secure a valuable piece of South Daytona real estate.

    Property Features for 1610 Magnolia Ave

    General Information

    Property type
    Land

    HighLights

    • $350,000 asking price.
    • 1‑acre commercial land parcel (43,560 sq ft).
    • Located at 1610 Magnolia Avenue, South Daytona, FL 32119.
    • Zoned for potential commercial development.
    • Mostly cleared lot; previously had a building, demolished in 2015.
    • Adjacent to a separately available 1‑acre lot at 905 Beville Road, offering potential for combined acquisition.
    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
    South Daytona
    County
    Volusia
    State
    Florida
    Longitude
    -81.0231979
    Latitude
    29.176447

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    FAQs

    What type of property is this?
    Land - Prime 1+ acre commercial lot, $350,000
    Where is this land located?
    The property is located at 1610 Magnolia Ave South Daytona, FL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: $350,000 asking price.; 1-acre commercial land parcel (43,560 sq ft).; Located at 1610 Magnolia Avenue, South Daytona, FL 32119.
    Request Owner's contact information
    1610 Magnolia Ave South Daytona, FL 32119
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    South Daytona, FL 32119
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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
    1610 Magnolia Ave South Daytona, FL 32119
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