135 Yonge St Ormond Beach, FL 32174
- Land
- 4.90 lot acres
Current Use by Public Records
- Land
Property Details for 135 Yonge St
- Lot size
- 4.90 lot acres
- Property type
- Land
Description
This exceptional 4.9-acre parcel in Ormond Beach, Florida, presents a fully approved opportunity to develop a 64-unit multifamily community. Located at 135 N Yonge St (US Hwy 1), this PRD-zoned property (APN 4215-04-01-0270) boasts a prime location within walking distance of Ormond Beach's vibrant downtown area, offering easy access to a variety of restaurants, shops, and services. The Atlantic Ocean is a mere 1.5 miles away, adding to the desirability of this location. The approved plans encompass eight two-story buildings, featuring a mix of 32 two-bedroom units (940 square feet each) and 32 three-bedroom units (1,177 square feet each). All necessary site plan approvals are complete, allowing for immediate commencement of construction. This project addresses the significant demand for quality rental housing in this thriving area, presenting a unique opportunity for rapid development and strong returns. The asking price for this exceptional investment is $1,700,000. This is a turnkey opportunity to capitalize on the high demand for rental housing in a desirable location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ormond Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.0634
- Latitude
- 29.2863
