0 Palmetto StNew Smyrna Beach, FL 32132

This exceptional 12,109.68 square foot lot, located at 0 Palmetto Street in Edgewater, Florida, presents a unique investment opportunity. Zoned R-5 Multi-Family Residential, this property is suitable for development as a single-family home or a duplex. Comprising two adjacent vacant lots, each measuring 55 feet by 110 feet, the parcels must be combined to meet Edgewater City Building Department requirements for development. Road improvements will also be necessary to meet building codes. The property boasts a highly desirable location, just minutes from the popular New Smyrna Beach and within walking distance of the Intracoastal Waterway. Convenient access is provided via US1; turn west onto 10th Street, then take the first left onto Palmetto Street. Continue on Palmetto until you reach the dirt road; the lots are on the east side. The square footage is derived from tax records; while all information is believed to be accurate, it is not guaranteed. This is an excellent chance to acquire a substantial parcel in a thriving area with significant potential for residential development. Asking price is $60,000.