4290 Spruce Creek RdPort Orange, FL 32127

This exceptional 22.7-acre development site in Port Orange, Florida, presents a unique opportunity for high-density residential construction. Located at 4290 and 4370 Spruce Creek Rd, this fee-simple property boasts over 1000 feet of frontage on Spruce Creek Road, less than two blocks from Dunlawton Avenue, and within a mile of the Atlantic Ocean and Riverwalk. Currently zoned General Commercial with a Future Land Use Map designation of Planned Unit Development (PUD), this site offers significant potential. Previously approved for 160 units, the property allows for the development of up to 300+ units, encompassing condos, townhouses, apartments, senior housing, or single-family homes. The property includes three existing buildings, each three stories high, totaling 988,812 square feet. The asking price is $7,248,999, or $335,000 per acre. The site offers three parking spaces per unit. Rent bumps are projected at 3% annually. The property features APNs 630901010030, 630901010010, and 630827000010. Lease options are available. A 120-day due diligence period is in place, with a $20,000 extension fee per month beyond that timeframe (extension applies to closing date only, not due diligence). An additional $20,000 will be added to the asking price for any extension. The property is situated in a desirable location with a $450,000 median home price. This prime location, combined with its zoning and development potential, makes this an exceptional investment opportunity.