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0 Forest Glen Boulevard, Daytona Beach, FL 32114

$2,990,000
Property Type: Land Lot Size (sq. ft.): 765,785 Status: Closed
Current Price: $2,990,000 List Date: 3/01/2013 Last Modified: 9/25/2024

Overview

Description

Student Housing/Multifamily Land 17.58+/- Acres.Designed as 350+ Multifamily Units. Located in Daytona Beach between Ormond Beach and Port Orange, with access off Nova Road and owners working on access from Clyde Morris Boulevard.Surrounding older multifamily complexes are enjoying very high occupancy. It is estimated that The Andros Isles. A 360+ unit luxury apartment complex nearby, leased up at a rate of approximately 20 units per month. Sold for over $136,000 per unit in 2012.3.77 miles from I-95 and I-4 and 2.88 miles from Downtown Daytona Beach.4.29 miles from Daytona Beach Intl. Airport and 3.00 miles from Halifax Harbor Marina.Just Minutes to:$289,000,000 One Daytona mixed-use project.

Supplements: e project.Trader Joe' s $80,000,000 - 800,000 sf distribution warehouse.Embry-Riddle Aeronautical University - more than 6,000 faculty and student body and $12,000,000 Research and Technology Park.Daytona State College - more than 33,000 students annually and 1,797 employees.Bethune-Cookman University - faculty and student body of more than 3,500.

Listing Details MLS# 541532

General Property Information

Lot Size Acres
17.58
Lot Size Dimensions
17.58
Association YN
Yes
Association Fee 2 Frequency
Annually
Pool Private YN
No
Water Body Access YN
No
Directions
From International Speedway Boulevard turn South on Nova Road. Turn Right on Forest Glen Blvd. Site is at end of street.
Public Remarks
Student Housing/Multifamily Land 17.58+/- Acres.Designed as 350+ Multifamily Units. Located in Daytona Beach between Ormond Beach and Port Orange, with access off Nova Road and owners working on access from Clyde Morris Boulevard.Surrounding older multifamily complexes are enjoying very high occupancy. It is estimated that The Andros Isles. A 360+ unit luxury apartment complex nearby, leased up at a rate of approximately 20 units per month. Sold for over $136,000 per unit in 2012.3.77 miles from I-95 and I-4 and 2.88 miles from Downtown Daytona Beach.4.29 miles from Daytona Beach Intl. Airport and 3.00 miles from Halifax Harbor Marina.Just Minutes to:$289,000,000 One Daytona mixed-use project.
List Price/Acre
184869.17
Sold Price/Acre
170079.64
Association Fee 2
0

Property Features

Lock Box Type: Supra Current Use: Multi-Family; Unimproved Lot Features: Wooded; Other

Contract Information

Property Sub Type
Unimproved Land
Listing Contract Date
2013-02-28

Location Tax and Legal

Street Name
Forest Glen
Street Suffix
Boulevard
County
Volusia
State
FL
Postal Code
32114
MLS Area Major
32 - Daytona Beville to ISB, E of 95
Subdivision Name
Bethune Grant

Status Change Information

Major Change Timestamp
2015-11-02T15:42:44Z
Major Change Type
Status Change
Price Change Timestamp
2015-01-15T02:51:37Z
Purchase Contract Date
2015-09-02
Close Date
2015-10-30
Close Price
2990000

Historical Information

Public Historical Remarks 1
Zoning (Text): MFR-20; Road Frontage: 557; Soil Test: No; Recorded: No; Zone Complies: Yes; Survey: Yes; Subordinate: No; Franchise Opt In: No

More Information

Location, Tax, and Legal

Country
US
Parcel Number
534005190032
Tax Annual Amount
6828
Tax Year
2013
Tax Legal Description
S 685.24 FT OF LOTS 8 & 9 MEAS ON W/L BLK 19 BETHUNE GRANT MB 1 PG 56 OR MB 12 PG 41 PER OR 4838 PG 3189 PER OR 5804 PG1920

Lock Box Type

Supra
Yes

Current Use

Multi-Family
Yes
Unimproved
Yes

Lot Features

Wooded
Yes
Other
Yes
Listing Office: Prudential Commercial Real Estate FL
Last Updated: September - 25 - 2024
Information deemed reliable but not guaranteed.

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