0 Sec Of Wilmette Ave Ormond Beach, FL 32174
This exceptional 20.91-acre commercial land parcel presents a unique investment opportunity in Ormond Beach, Florida. Located at the southeast corner of Wilmette Avenue and North Center Street, this property boasts approximately 1,787 feet of combined frontage, ensuring high visibility and accessibility. The site features an estimated 10 acres of uplands, providing ample space for development. Its strategic location offers easy access to major thoroughfares including Granada Boulevard, Nova Road, and US Highway 1, providing excellent connectivity for businesses and residents. The property is zoned B-1, allowing for a diverse range of uses, including multifamily residential, assisted living facilities, nursing homes, and even hospitals. This versatile zoning makes it ideal for a variety of development projects. The site's proximity to the Publix-anchored Trails Shopping Center further enhances its desirability and potential for commercial success. With its substantial size, prime location, and flexible zoning, this property represents a compelling investment opportunity for developers seeking a high-impact project in a thriving Florida market. The asking price is $2,000,000. The property's address is SEC of Wilmette Avenue, Ormond Beach, Volusia County, FL 32174.
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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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.