1510 N US Hwy 1, Ormond Beach, FL 32174 (MLS# 1098760)

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

Overview

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+/- ... (Read more)

Listing Details MLS# 1098760

General Property Information

Lot Size Acres: 1.4
Association YN: Yes
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
Association Fee 2: 0

Property Features

Current Use: Commercial; Unimproved

Contract Information

Property Sub Type: Unimproved Land
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

Historical Information

Public Historical Remarks 1: Zoning (Text): B-7; Franchise Opt In: No

More Information

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: Yes
Unimproved: Yes

Listing Office: SVN Alliance Commercial Real Estate Advisors

Last Updated: September - 27 - 2024

Information deemed reliable but not guaranteed.

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