415 State Rte New Smyrna Beach, FL 32168
This exceptional 1,339-acre property in Volusia County, Florida, presents a prime development opportunity. Located on State Route 415, it boasts approximately 1.4 miles of highway frontage, offering unparalleled access and visibility. The property's mixed zoning allows for a total of 102 residential units, with varying density allowances across its 460 acres zoned FR (1 unit per 20 acres), 460 acres zoned RC (1 unit per 25 acres), 236 acres zoned A1 (1 unit per 10 acres), and 184 acres zoned A2 (1 unit per 5 acres). The land itself includes two ponds totaling approximately 50 acres, roughly 100 acres of improved pasture, and a mix of scrub and pine forests across the remaining acreage. A well-established internal road system enhances accessibility throughout the property. Conveniently situated just 1.5 miles south of SR 44 and within 10 minutes of I-95, area shopping centers, and New Smyrna Beach, this location offers easy access to major transportation arteries and amenities. Furthermore, it's less than 20 minutes from Lake Mary, Orlando-Sanford International Airport, and the Deering Park development, and approximately 40 minutes from downtown Orlando, the Space Coast, NASA, and the Mosquito Lagoon. The property's recreational features, including existing trails, offer additional potential uses. Utilities are provided via septic and well systems. This is the largest unencumbered property on the market in four surrounding counties.
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
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No recorded transactions found for this property.
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Risks
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