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    OFF-MARKET
    Commercial real estate

    5952 Riverside Dr, Port Orange, FL 32127

    Property ID
    US18-2610220
    Property summary
    AI-generated overview

    This exceptional .51-acre commercial lot, located at 5952 Riverside Drive in Port Orange, Florida, 32127, presents a unique investment opportunity. Boasting 24,999.08 square feet of land, this waterfront property sits on scenic Rose Bay, offering 100 feet of waterfront frontage and approximately 229 feet of depth. The property includes a substantial concrete seawall and the potential to rebuild an existing boat dock, providing direct access to the Intracoastal Waterway via Mill Creek. Mature oak trees grace the landscape. A solid concrete block structure on the property offers the potential for repurposing into an outdoor pavilion, complete with an outdoor fireplace and grilling/kitchen area. The property is zoned residential, presenting possibilities for new construction, taking advantage of the deep lot and stunning sunset views over Rose Bay. This secluded location at the south end of Riverside Drive offers privacy and tranquility. The property is owned by Mahendra C Patel and is offered at $924,000.

    Property profile
    Verified
    Property type Commercial real estate
    UPID US18-2610220
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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