0 Capitalize On This Development Opportunity DeLand, FL 32720
This exceptional 4.12-acre commercial land parcel presents a unique development opportunity in DeLand, Florida. Located in Volusia County, the property boasts a highly desirable A-3CA zoning designation, opening doors to a variety of commercial ventures. With 640 feet of frontage, this site enjoys exceptional visibility and accessibility, benefitting from a daily traffic count of 17,690 vehicles. The land is slightly wooded, offering developers flexibility in landscaping and site planning. Its strategic location places it in close proximity to existing retail establishments, creating a synergistic environment for new businesses. Priced at $800,000, this property is situated just outside the city limits of DeLand, offering potential advantages in terms of regulations and development costs. The expansive lot size and prime location make this an ideal site for retail development or a multifamily project, promising significant return on investment. This is a rare chance to capitalize on the growth and potential of DeLand's thriving commercial sector. The property's address is in DeLand, FL, zip code 32720.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.