120 Old Mission Rd New Smyrna Beach, FL 32132
- Mobile home & RV parks
- 2.67 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 120 Old Mission Rd
- Lot size
- 2.67 lot acres
- Property type
- Mobile home & RV parks
- Property subtype
- Campgrounds
Description
This exceptional 2.67-acre parcel, ideally situated off Old Mission Road near I-95 and Indian River Boulevard in Edgewater, Florida (Volusia County, zip code 32132), presents a compelling investment opportunity. Currently zoned for multifamily use, including apartments and mobile home parks, this property offers significant potential for development. The land boasts a substantial size (approximately 50 x 2670 feet), representing one of the largest available tracts in the prime Edgewater corridor. With five existing units and 26 pads, the property is priced at $48,999, representing a compelling $20,000 per acre land value and a $9,799.80 price per unit. The property is vacant and offers 50,000 square feet of air rights. The property's APN is 843801000981. The permitted zoning (MDR, Multifamily, Apartments) allows for various development scenarios, and a zoning change may be possible. This is a rare opportunity to acquire a large, well-located parcel in a high-demand area. The property is being sold as-is by the private owner. All cash offers will receive a written response within 24 hours. The property is classified as Class D with a 23% cap rate.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Smyrna Beach
- County
- Volusia
- State
- Florida
- Longitude
- -80.9386
- Latitude
- 28.9635
