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10904219
7814176

2 Locations

ML
FL BK 667214
Executive Realty Network
Listed by Executive Realty Network
$7,248,999
1859 days on market
Updated 40 days ago

22.7 Acres Multifamily Dev 300+ UNITS

Details
APN 630901010030, 630901010010, 630827000010
Property Type Land
Sub Type Commercial, Industrial (+1)
Square Footage 988,812
Units 300
Lease Expiration 02/28/2033
Remaining Term 6.7
Rent Bumps Yes
Lease Options yes
Price per SqFt $7
Price Per Acre $335,000
Broker Co-Op Yes
Class A
Year Built New
Buildings 3
Stories 3
Acreage 22.700
Zoning General Commercial, Multifamily
Parking Spaces 3 per unit
Ground Lease No
Ownership Fee Simple
Sale Condition For sale by owner

Large Development Site 22.7 Acres

Marketing description

Largest Land Parcel east of I95 in Port Orange, FL. 22.70 Acres w 1000 frontage on Spruce Creek Rd. Less than 2 blocks to Dunlawton Ave. Less than .5 miles to Riverwalk, Less than 1 mile to the Atlantic Ocean. Centrally located, $450K median home.

Currently zoned w Port Orange at General Commercial. Future Land Use Map shows as PUD. Previously planned and approved for 160 Units.

Someone will need to submit a PUD, and have a 120 day 4 month inspection period. Than $20,000 for each additional month, to extend closing date. NOT EXTEND DUE DILIGENCE, BUT CLOSING DATE. $20,000 above and over the asking price.

Develop 300 Units Condos, townhouses, apartment building, senior housing, residential, single family houses, mobile home park.

PLEASE DONT CONTACT ME IF BUYER IS SUBJECT TO DUE DILIGENCE plus APPROVALS. 120 DAYS DUE DILIGENCE. THAN ESCROW IS NON REFUNDABLE. APPROVALS CAN TAKE YEARS.

PLEASE DONT CONTACT ME IF YOU WANT TO FLIP THE CONTRACT. OR ASSIGN TO OTHER BUYERS, BROKERS, FOR A PROFIT, $20,000 Assignment Fee.

PLEASE DONT CONTACT ME IF YOU EXPECT MORE THAN A 2% BROKERAGE FEE, I KNOW THE GAME PUT YOUR FEE ON THE CONTRACT. NOT, YOU HAVE TO SIGN A COMMISSION AGREEMENT FOR ME TO PRESENT OFFER. BROKERS PROTECTED

Investment highlights

  • 22.7 Acres

  • Zoned Commercial

  • 300+ Units Condo, Apartments

  • Future Land USE PUD

  • Owner Financing

  • Over 1000 Frontage

  • HI density Dev Site

  • 130 Units townhouses previously approved on this site.

Listing Contacts

ML
FL BK 667214
Executive Realty Network
Listed by Executive Realty Network

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Additional Information

Name
Miro Lakic
License
BK 667214
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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