1600 Clyde Morris Blvd Daytona Beach, FL 32114
This exceptional 6.56-acre lakefront development site in Daytona Beach, Florida, presents a unique investment opportunity. Located at 1600 S Clyde Morris Blvd, Volusia County, 32114, this property boasts over 1100 feet of frontage on Clyde Morris Blvd, less than 500 feet from the intersection of Beville Rd. Currently zoned Residential Medium Density (RMD 20), allowing for up to 20 units per acre without a zoning change, the site is ideal for a multifamily apartment complex. The existing zoning permits a three-story building height limit and 1.5 parking spaces per unit. However, a zoning change could significantly alter these parameters, offering flexibility for future development plans. Approximately 2.43 acres are submerged, with 4 acres of buildable, high and dry land. The asking price is $1,498,999, with owner financing available with a 30% down payment
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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