$495,000

3742 S Atlantic Avenue

DAYTONA BEACH SHORES FL, 32118

Description

As per the City of Daytona Beach Shores, this property is eligible for a grant from the Economic Development Program to the purchaser in amount of approximately 10% of the purchase price. An amazing opportunity to own and develop this Multi-family residential zoned, OVERSIZED LOT. Ocean views from the east side, Intracoastal Halifax River view from the west side. Lot size is 100 x 205 ft. City water & city sewer, and FPL power on the site. Lot is buildable for up to 17 large two-bedroom units, and up to 7 story complex, plenty of room for parking spaces. No need to add dirt. The site is cleared and development ready. Or create your own residential compound property. Sought after Port Orange schools, 10 miles to NASCAR, 60 miles to Orlando. One of the last deep lots in Daytona Beach Shores. Surrounded by high end condos and estates. Survey available. Water access to many activities, surfing, swimming, boating, fishing, biking. Kayaking and paddle boarding. Economic Development Program (EDP). The subject property is zoned RMF-2 District and as such is eligible for the Land Purchase component of the EDP. Any potential purchaser of the property may contact the city prior to purchasing to discuss potentially applying to the City Council for the Land Purchase grant prior to purchasing the property. Per the EDP however, the purchaser must have a high quality development plan that will enhance economic development of the City. To discuss further please feel free to contact the City Planner. Stewart Cruz, AICP.

Details

MLS#O5809035
Sub-TypeResale
StatusActive
Days On Site101

Features

Zoning03RMF
Acreage0.47

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Area Information

StateFL
CityDAYTONA BEACH SHORES
Zip Code32118
Area32118 - Daytona Beach/Holly Hill
Listing VS Median (in 32118)
Price:
$495,000
low | high
Med:
$219,900
100% of Average
On Site:
101
low | high
Med:
257
39.299610894942% of Average
Listing Updated: 12/07/2019
MLS Number: O5809035
Listing Provided By:
Deborah Morfis  of  PREMIER SOTHEBYS INTL REALTY

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