241 Martin Luther King Boulevard S, Daytona Beach, FL 32114 (MLS# 1207616)

241 Martin Luther King Boulevard S, Daytona Beach, FL 32114

$775,000

Property Type: Land Lot Size (sq. ft.): 82,328 Status: Active

Current Price: $775,000 List Date: 1/08/2025 Last Modified: 4/23/2026

Overview

Description

1.89 acres of 8 cleared parcels in the Midtown Redevelopment area with possible grants available. Previously approved for 36 Townhomes with an expired Planned District Agreement. The expired PDA included parking in the adjacent\contiguous city parking lot and off-site retention that is maintained by the city. Future land use allows 40 units per acre. Owner may consider financing.

Listing Details MLS# 1207616

General Property Information

Lot Size Acres: 1.89
Lot Size Dimensions: irregular
CDD Fee YN: No
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: From International Speedway Blvd go south on MLK. Property starts at El Dorado St. which also includes the corner lot on El Dorado and MLK.
Public Remarks: 1.89 acres of 8 cleared parcels in the Midtown Redevelopment area with possible grants available. Previously approved for 36 Townhomes with an expired Planned District Agreement. The expired PDA included parking in the adjacent\contiguous city parking lot and off-site retention that is maintained by the city. Future land use allows 40 units per acre. Owner may consider financing.
List Price/Acre: 410052.91

Property Features

Lock Box Type: Other; See Remarks Current Use: Investment; Multi-Family; Residential; Retail; Unimproved Lot Features: Cleared; Corner Lot; Few Trees; Irregular Lot Sewer: Public Sewer Utilities: Electricity Available; Sewer Available; Water Available Water Source: Public Road Surface Type: Paved Road Frontage Type: City Street Listing Terms: Cash; Conventional; Owner May Carry Possession: Close Of Escrow Development Status: Proposed; See Remarks Showing Requirements: Other

Contract Information

Property Sub Type: Unimproved Land
Listing Contract Date: 2025-01-08
Seller Concessions Offered Y/N: No

Location Tax and Legal

Street Number: 241
Street Name: Martin Luther King
Street Suffix: Boulevard
Street Direction Suffix: S
County: Volusia
State: FL
Postal Code: 32114
MLS Area Major: 32 - Daytona Beville to ISB, E of 95
Subdivision Name: Marshall

Status Change Information

Major Change Timestamp: 2025-03-17T16:40:58Z
Major Change Type: Price Reduced
Price Change Timestamp: 2025-03-17T16:40:58Z

Location, Tax, and Legal

Country: US
Parcel Number: 5339-28-02-0040
Tax Annual Amount: 943
Tax Year: 2024
Tax Legal Description: LOTS 4 & 5 & LOT 10 BLK 2N ROWLADERS 4TH ADD DAYTONA CASE #83-1403-CA-01 PER OR 7286 PG 2622 PER OR 7409 PG 3487 PER OR 7490 PG 2031
Zoning Description: Multi Family

More Information

Currently Not Used

Number Of Lots: 8

Lock Box Type

Other: Yes
See Remarks: Yes

Current Use

Investment: Yes
Multi-Family: Yes
Residential: Yes
Retail: Yes
Unimproved: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Owner May Carry: Yes

Lot Features

Cleared: Yes
Corner Lot: Yes
Few Trees: Yes
Irregular Lot: Yes

Possession

Close Of Escrow: Yes

Road Frontage Type

City Street: Yes

Road Surface Type

Paved: Yes

Sewer

Public Sewer: Yes

Showing Requirements

Other: Yes

Utilities

Electricity Available: Yes
Sewer Available: Yes
Water Available: Yes

Water Source

Public: Yes

Development Status

Proposed: Yes
See Remarks: Yes

Listing Office: Coldwell Banker Commercial Benchmark

Last Updated: April - 23 - 2026

Information deemed reliable but not guaranteed.

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