1506 Us Highway 1 Ormond Beach, FL 32174

Property Details for 1506 Us Highway 1

Lot size

1.60 lot acres

Property type

Land

Description

This exceptional 1.6-acre commercial development site in Ormond Beach, Florida, presents a remarkable investment opportunity. Located at the southwest corner of US Highway 1 and Broadway Avenue, this property boasts over 300 feet of frontage on US Highway 1, providing unparalleled visibility and accessibility. The site benefits from a brand-new traffic light installed in 2019, significantly improving ingress and egress, especially considering its strategic location as the main entrance to the Ormond Crossings Business Park. This business park is home to a major new tenant, Security First Insurance, which recently opened a 130,000 square-foot headquarters building with over 500 employees. The property's zoning, B-7 Highway Tourist Commercial (City of Ormond Beach), allows for intense commercial development, making it ideal for a variety of uses, including multiple quick-service restaurants, a strip center, or a stand-alone restaurant. The site is conveniently located just south of I-95 (Exit 273), offering easy access to major transportation arteries. All utilities are available. An adjacent 8,000 square-foot lot on Gowers Street presents a potential assemblage opportunity, further enhancing the site's development potential. The city and community are highly supportive of new retail development in this area. The asking price for this prime commercial land is $899,000. Parcel numbers are 313601600170 & 313601600220.