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31476790
31476791

Red Mill Dr, Palm Coast, FL 32164

CB
FL SL3083110
SVN | Alliance Commercial Real Estate Advisors
Listed by SVN | Alliance Commercial Real Estate Advisors
$7,560,000
1571 days on market
Updated 62 days ago

Red Mill Pointe, a 216 lot townhouse development site

Details
APN 07-11-31-7033-0RP0F-0030
Property Type Land
Sub Type Residential
Acreage 35.410
Zoning MFR-1

Land | 35.41 acres

Marketing description

Offered for sale is Red Mill Pointe, a townhouse development project in Palm Coast, FL. The property will be delivered in Q1 2023 fully engineered and approved for 216 townhouse lots plus an amenity. Red Mill Pointe is being approved as a gated condominium project making it ideal for use as a rental community (BFR). The site plan offers a mix of two-story 4, 6 and 8-plex buildings with square footages ranging from 1,400 - 2,000 SF AC. Interior unit widths are 19' and end unit widths are 22', allowing for a two-car garage. Attractive site plan features many premium lots and a meandering, double loaded roadway system.

Located along Red Mill Drive the site provides quick access to Palm Coast Pkwy, SR 100, US Hwy 1 & I-95. Nearby amenities include Palm Coast Town Center, Advent Health Palm Coast, Grand Reserve Golf Course along with numerous existing and future medical facilities. This gated site is walkable to Rymfire Elementary School, a wonderful feature for tenants. The Seller has the ability to deliver the lots fully developed and/or construct the townhouses and deliver a fully turnkey rental community to the Buyer.

Investment highlights

  • Fully approved 216 townhouse lot development site
  • Ideal project for a Build For Rent (BFR) developer
  • Project can be delivered turnkey if desired
  • Gated condominium community with clubhouse/pool amenity
  • Mix of 4, 6 & 8-plex two-story buildings
  • 1,400 - 2,000 SF AC townhouse units
  • 19' and 22' unit widths allow for both one and two car garages
  • Ready to break ground in just a few months
  • Well located infill site close to Palm Coast Pkwy, SR 100, US Hwy 1 & I-95
  • Wonderful amenities nearby including Palm Coast Town Center, Advent Health Palm Coast and many others
  • Walkable to Rymfire Elementary School

Listing Contacts

CB
FL SL3083110
SVN | Alliance Commercial Real Estate Advisors
Listed by SVN | Alliance Commercial Real Estate Advisors

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