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3338 W Indian River Boulevard, Edgewater, FL 32141

$4,225,000
Property Type: Land Lot Size (sq. ft.): 4,192,214 Status: Closed
Current Price: $4,225,000 List Date: 7/15/2021 Last Modified: 9/26/2024

Overview

Description

Prime development location at the southeast quadrant of Interstate 95 and SR 442 in Edgewater FL. This is a major development area with several large projects under construction and in the planning stages. This property offers 96 acres with 4300 feet (.8 mile) of Interstate 95 frontage located in the immediate vicinity of Miami Corp's three development sites proposed to add nearly 33,000 homes and 9.5 million square feet of commercial space. The three major development sites are The Farmton property with entitlements from the county to accommodate up to 23,100 homes and 4.7 million square feet of commercial, office and industrial space. The Deering Park Center property comprising the southwest quadrant of the I-95/SR 442 with entitlements from the city for up to 1,362 homes and 1.5 million

Supplements: million square feet of commercial space. The third development is the 6,281-acre Restoration site at the northeast quadrant of I-95/SR 442 with entitlements from the city for 8,500 residential units and 3.2 million square feet office, industrial & commercial space. This is the perfect location for hotels, restaurants, retail shopping centers, strip ...

Listing Details MLS# 1074676

General Property Information

Lot Size Acres
96.24
Association YN
Yes
Pool Private YN
No
Water Body Access YN
No
Directions
south east corner of 442 and Indian River Road
Public Remarks
Prime development location at the southeast quadrant of Interstate 95 and SR 442 in Edgewater FL. This is a major development area with several large projects under construction and in the planning stages. This property offers 96 acres with 4300 feet (.8 mile) of Interstate 95 frontage located in the immediate vicinity of Miami Corp's three development sites proposed to add nearly 33,000 homes and 9.5 million square feet of commercial space. The three major development sites are The Farmton property with entitlements from the county to accommodate up to 23,100 homes and 4.7 million square feet of commercial, office and industrial space. The Deering Park Center property comprising the southwest quadrant of the I-95/SR 442 with entitlements from the city for up to 1,362 homes and 1.5 million
List Price/Acre
51849.54
Sold Price/Acre
43900.67
Association Fee 2
0

Property Features

Lock Box Type: Supra Current Use: Commercial; Industrial; Mixed Use; Multi-Family; Office; Retail; Unimproved Lot Features: Other Utilities: Electricity Available

Contract Information

Property Sub Type
Unimproved Land
Listing Contract Date
2020-08-20

Location Tax and Legal

Street Number
3338
Street Direction Prefix
W
Street Name
Indian River
Street Suffix
Boulevard
County
Volusia
State
FL
Postal Code
32141
MLS Area Major
80 - Edgewater
Subdivision Name
Not In Subdivision

Status Change Information

Major Change Timestamp
2021-12-17T14:59:35Z
Major Change Type
Status Change
Price Change Timestamp
2021-06-29T22:07:25Z
Purchase Contract Date
2021-12-03
Close Date
2021-12-15
Close Price
4225000

Historical Information

Public Historical Remarks 1
Lot SqFt: 4192214.00; Zone Complies: Yes; Phase 1 Envrmnt Complete: No; Survey: Yes; Franchise Opt In: No

More Information

Location, Tax, and Legal

Country
US
Parcel Number
8408-00-00-0022
Tax Annual Amount
126
Tax Year
2019
Tax Legal Description
8-18-34 IRREG PARCEL IN W 1/2 LYING E OF I 95 & S OF SR 442 & W OF FEC RR EXC N 175 FT S OF EDGEWATER RD BEING E 175 FT OF W 1783.38 FT OF NW 1/4 PER OR 1840 PG 1060 EXC 50% S/S RTS SW 1/4 & W 1/2 OF NW 1/4 PER DB 409 PG 429 PER OR 2651 PG 1970 & PER OR 5826 PG 3626

Lock Box Type

Supra
Yes

Current Use

Commercial
Yes
Industrial
Yes
Mixed Use
Yes
Multi-Family
Yes
Office
Yes
Retail
Yes
Unimproved
Yes

Lot Features

Other
Yes

Utilities

Electricity Available
Yes
Listing Office: Oceans Luxury Realty Full Service LLC
Last Updated: September - 26 - 2024
Information deemed reliable but not guaranteed.

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