1003 Us Highway 1 Ormond Beach, FL 32174
This exceptional 28,997.89 square foot commercial property, located at 1003 US Highway 1 in Ormond Beach, Florida (zip code 32174), presents a unique investment opportunity. Boasting 240 feet of frontage directly on US Highway 1 and the Tomoka River, this B-4 zoned lot offers unparalleled visibility and access. The property includes an existing dock with a bar/gazebo/pavilion structure, providing a solid foundation for various commercial ventures. Previously utilized as a restaurant, all impact fees have been paid, streamlining the development process for future owners. The site features 1170 soft dock space and stunning river views, situated adjacent to an established marina. This prime location in Volusia County, Florida, combines high traffic visibility with the allure of a picturesque waterfront setting, making it ideal for a diverse range of commercial uses. The property's size and existing infrastructure offer significant potential for expansion and customization, catering to a wide spectrum of business plans. This is a rare opportunity to acquire a highly desirable commercial property in a thriving coastal community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.