For Sale
$1,700,000

135 Yonge StOrmond Beach, FL 32174

Prime 4.9-acre site, 64-unit apartment project.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 4.9-acre parcel in Ormond Beach, Florida, presents a fully approved opportunity to develop a 64-unit multifamily community. Located at 135 N Yonge St (US Hwy 1), this PRD-zoned property (APN 4215-04-01-0270) boasts a prime location within walking distance of Ormond Beach's vibrant downtown area, offering easy access to a variety of restaurants, shops, and services. The Atlantic Ocean is a mere 1.5 miles away, adding to the desirability of this location. The approved plans encompass eight two-story buildings, featuring a mix of 32 two-bedroom units (940 square feet each) and 32 three-bedroom units (1,177 square feet each). All necessary site plan approvals are complete, allowing for immediate commencement of construction. This project addresses the significant demand for quality rental housing in this thriving area, presenting a unique opportunity for rapid development and strong returns. The asking price for this exceptional investment is $1,700,000. This is a turnkey opportunity to capitalize on the high demand for rental housing in a desirable location.

Highlights

  • Fully approved multifamily development site in Ormond Beach, FL.
  • 64-unit apartment community comprised of eight two-story buildings.
  • Unit mix includes 32 two-bedroom and 32 three-bedroom apartments.
  • Prime location within walking distance of Ormond Beach's downtown, Intracoastal Waterway, and the Atlantic Ocean.
  • High demand for rental housing in this desirable area.
  • Exceptional opportunity for rapid development of an approved apartment project.

Property Details for 135 Yonge St

Property type
Land
Lot Size (sq. ft)
213,444 SF

Location Insight

City
Ormond Beach
County
Volusia
State
Florida
Latitude
29.2862725
Longitude
-81.063429
135 Yonge St, Ormond Beach, Florida

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135 Yonge St
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