720 Granada Blvd Ormond Beach, FL 32174

Property Details for 720 Granada Blvd

Lot size

5.70 lot acres

Zone code

B9

Property type

Commercial land

APN

4241-04-01-0010

APU

424104010010

Description

This exceptional 6.85-acre commercial land parcel in Ormond Beach, Florida, presents a remarkable investment opportunity. Located at 720 W Granada Blvd (State Highway 40), this high-visibility site boasts convenient access to the Atlantic coast (3 miles), I-95, and US Hwy 1. The property is zoned B-9 and features a prime location on a major thoroughfare with high traffic volume, offering excellent visibility and accessibility. Included in the sale are two conceptual site plans: one for a 148-unit assisted living facility and another for a 214-unit Class A multifamily apartment complex, both designed by Humphreys and Partners Architects. The multifamily plan, a 158,347 square foot, four-story wrap building with a five-story garage, achieves a density of 31.2 units per acre. The site has a history of approvals, with building permits previously issued for an assisted living facility, and the plans were updated in 2022. The property's proximity to numerous amenities, including restaurants, shopping centers, and healthcare facilities, further enhances its appeal. This strategic location within Ormond Beach, an area experiencing significant commercial development, makes this a truly exceptional opportunity for developers seeking a high-impact project. The APN is 4241-04-01-0010. The asking price is $3,300,000. Civil engineering for the project was provided by Alann Engineering. The project is designed to be compatible with HUD 221(d)(4) financing.

Location Insight

City

Ormond Beach

County

Volusia

State

Florida

Longitude

-81.0764

Latitude

29.278

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments