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    40 Yonge St Ormond Beach, FL 32174

    For Sale
    $499,000

    0.55-acre lot, high-traffic location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 0.55-acre commercial land parcel presents a unique investment opportunity in Ormond Beach, Florida's thriving Central Business District. Strategically located just off the busy intersection of Granada Boulevard and US Highway 1, this property boasts unparalleled visibility and accessibility. The site is zoned B-4 Commercial, offering versatile development potential for retail, office, or medical uses. With utilities readily available, plans could accommodate up to a 4,000 square foot building. This location is ideal for owner-users seeking to construct a custom building, enhance their brand presence, and potentially generate additional income through leasing excess space. The asking price is $499,000. This prime location in Volusia County, with its address at 40 N Yonge St., Ormond Beach, FL 32174, offers a compelling combination of high traffic, flexible zoning, and significant development potential. Don't miss this chance to secure a prominent position in Ormond Beach's dynamic commercial landscape.

    Property Features for 40 Yonge St

    General Information

    Property type
    Land
    Lot Size
    23,958 SF

    HighLights

    • 0.55‑acre commercial lot in Ormond Beach, FL's Central Business District.
    • High visibility location at Granada Blvd & US Hwy 1 intersection.
    • B‑4 Commercial zoning, allowing retail, office, or medical uses.
    • Potential for up to a 4,000 sq ft building; utilities available.
    • Asking price: $499,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.062703572607
    Latitude
    29.284011589487

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    FAQs

    What type of property is this?
    Land - 0.55-acre lot, high-traffic location.
    Where is this land located?
    The property is located at 40 Yonge St Ormond Beach, FL.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: 0.55-acre commercial lot in Ormond Beach, FL's Central Business District.; High visibility location at Granada Blvd & US Hwy 1 intersection.; B-4 Commercial zoning, allowing retail, office, or medical uses.
    Request Owner's contact information
    40 Yonge St 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
    40 Yonge St Ormond Beach, FL 32174
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