Colbert Ln & Roberts Rd Palm Coast, FL 32137
- Apartment buildings
- 22.33 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 0 Colbert Ln & Roberts Rd
- Lot size
- 22.33 lot acres
- Property type
- Apartment buildings
Description
This exceptional ±22.33-acre site in Palm Coast, Florida, presents a remarkable multifamily development opportunity. Approved for a 240-unit garden-style apartment complex across five four-story buildings, this Class A project benefits from existing site plan approvals, streamlining the development process. The property's strategic location on Colbert Lane and Roberts Road offers convenient access to I-95 and Highway A1A, ensuring seamless connectivity throughout Florida's East Coast. Palm Coast's desirable coastal setting, featuring beautiful beaches, state parks, and golfing facilities, combined with a thriving retail sector and limited new construction, creates a high-demand market. The site's substantial size and existing entitlements provide a clear path to execution, capitalizing on Florida's robust residential market and addressing the current undersupply of market-rate housing. Utilities are available on-site, further enhancing the development potential. This is a truly exceptional opportunity to build a highly sought-after residential community in a rapidly growing area. The property is zoned PD and has APN 03-12-31-0000-01010-0031. This development promises significant returns in a location characterized by strong economic drivers and abundant amenities.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Palm Coast
- County
- Flagler
- State
- Florida
- Longitude
- -81.1574
- Latitude
- 29.4941
