W SR-40, Ormond Beach, FL 32174

Pool
Yes

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Listed byLANDSHARK REALTY
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Overview

This 30.46-acre parcel on Old Tomoka Road offers an exceptional development opportunity within the prestigious Hunter's Ridge DRI. With approximately 15.56 acres of uplands and the serene Little Tomoka River running through the property. This site is perfect for a residential development with DRI approvals for up to 50 units, making it ideal for apartments, condos, or townhomes. Zoned for both residential and commercial use, this versatile property provides endless possibilities for developers. Utilities are readily available, with a water main at Shadow Crossing and sewer access at Valencia. The parcel boasts a prime location just 3 miles from I-95, ensuring easy access for future residents or businesses, and benefits from an average of 13,000 vehicles daily, providing excellent visibility. Surrounded by natural beauty and located in a rapidly growing area, this property is priced to sell fast, making it a must-see for investors and developers alike. Seller has plans for a 38 unit townhome development that can be delivered engineered/ permit ready for an additional cost or the buyer can take over approvals.

Location

Full feature list

Basic info

Property type
Other residential
Lot size (acres)
30.46

Exterior features

Pool
Yes
Waterfront
River Front, Creek
Area amenities
Golf Course

Taxes

Tax Annual Amount (2024)
$6,428

Public schools

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Sourced from: Stellar MLS MLS®#: V4944420 Last checked:

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