1510 N US Hwy 1, Ormond Beach, FL 32174
$950,000
Property Type:
Land
Lot Size (sq. ft.):
60,984
Status:
Closed
Current Price:
$950,000
List Date:
11/27/2023
Last Modified:
9/27/2024
Description
Offered for sale is this 1.4+/- acre hard corner retail development site in Ormond Beach, FL. Located at the NWC of US Hwy 1 and Broadway Ave. This intersection received a traffic light in 2019 and now serves as the main entrance off of US Hwy 1 to the Ormond Crossings Business Park. The first tenant in this 1m+ SF business park is Security First Insurance, who has recently completed their 130k SF corporate headquarters building here and has over 500 employees working out of this location.
The site offers 200' of frontage on US Hwy 1 with full access via the Broadway Ave intersection. It is directly across US Hwy 1 from the new Plantation Oaks residential subdivision which will have over 1,000 homes at build out.
Supplements: With the new traffic light and surrounding residential development this hard corner site has become one of the most attractive retail locations in the corridor. The B-7 zoning allows uses such as gas/C-store, QSR, strip, restaurant, etc. The city and surrounding community are very supportive of redevelopment along this US Hwy 1 corridor. 1.4+/- acre hard corner retail site in Ormond Beach, FL Located just 0.25 miles south of I-95 (exit 273) 200' of frontage with 296' of depth allows a variety of site plan options Across from Plantation Oaks residential subdivision Broadway Ave serves as the main entrance to the Ormond Crossings Business Park
More Information MLS# 1098760
General Property Information
Lot Size Acres: 1.4
Association YN: Yes
Association Fee 2: 0
Pool Private YN: No
Water Body Access YN: No
Directions: Located on the NWC of US Hwy 1 & Broadway Ave, just 0.25 miles south of I-95 (exit 273)
Public Remarks: Offered for sale is this 1.4+/- acre hard corner retail development site in Ormond Beach, FL. Located at the NWC of US Hwy 1 and Broadway Ave. This intersection received a traffic light in 2019 and now serves as the main entrance off of US Hwy 1 to the Ormond Crossings Business Park. The first tenant in this 1m+ SF business park is Security First Insurance, who has recently completed their 130k SF corporate headquarters building here and has over 500 employees working out of this location.
The site offers 200' of frontage on US Hwy 1 with full access via the Broadway Ave intersection. It is directly across US Hwy 1 from the new Plantation Oaks residential subdivision which will have over 1,000 homes at build out.
List Price/Acre: 857142.86
Sold Price/Acre: 678571.43
Location, Tax, and Legal
Country: US
Parcel Number: 36-13-31-0161-0080
Tax Annual Amount: 0
Tax Year: 2022
Tax Legal Description: x
Zoning Description: Retail
Current Use
Commercial: 1
Unimproved: 1
Historical Information
Public Historical Remarks 1: Zoning (Text): B-7; Franchise Opt In: No
Contract Information
Current Price: $950,000
Property Sub Type: Unimproved Land
Status: Closed
Sold Price: $950,000
Listing Contract Date: 2022-07-07
Location Tax and Legal
Street Number: 1510
Street Direction Prefix: N
Street Name: US Hwy 1
County: Volusia
State: FL
Postal Code: 32174
MLS Area Major: 45 - Ormond N of 40, W of US1, E of 95
Subdivision Name: Not In Subdivision
Status Change Information
Major Change Timestamp: 2024-04-29T14:22:49Z
Major Change Type: Status Change
Purchase Contract Date: 2024-02-08
Close Date: 2024-04-26
Close Price: 950000
Property Features
Current Use: Commercial; Unimproved
Listing Office:
SVN Alliance Commercial Real Estate Advisors
Last Updated: September - 27 - 2024
Information deemed reliable but not guaranteed.