W SR-40Ormond Beach, FL 32174

Description

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.

Property Information

Property type

Land

Lot size

30.46 acres

Lot dimensions

360 x 2681

Ownership

Fee Simple

Zoning

PUD

Days on market

333

MLS^® Listing#

V4944420

Property Features

Lot features

Wooded · Near Golf Course · Near Public Transit · Waterfront

Utilities

Cable Available · Electricity Available · Sewer Available · Water Available

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

Yes

Annual taxes

$6,428Tax year 2024

Parcel number

4127-00-00-0015

Directions

Take 40 west of I-95, property is on the N side of the Old Tomoka Rd Right of Way. If you go past Shadow Crossing Blvd, you've gone to far. Name Office