250 Flagler Plaza DrPalm Coast, FL 32137

Property Details for 250 Flagler Plaza Dr

Lot size

10.20 AC

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional 10.2-acre parcel in Palm Coast, Florida, presents a remarkable multifamily development opportunity. Located at 250 Flagler Plaza Drive (APN 09-12-31-0000-01010-0000), this property boasts pre-approved entitlements for a 96-unit residential complex, featuring six two-story buildings, each with sixteen two-bedroom, two-bathroom units. The MFR-2 zoning allows for up to 120 units, offering significant potential for expansion. The existing site plan includes detailed permitting, pre-approvals, and surveys, all available for review. Strategically positioned just east of Interstate 95, this prime location offers exceptional visibility from I-95 and signage opportunities on I-95 and SR 100, ensuring high traffic exposure. Enjoy convenient access to shopping, restaurants, and medical facilities within walking distance. The asking price is $2,500,000. Note that impact fees, utility connection fees, and governmental fees (including permit fees) are not included in the sales price. This is a rare chance to acquire a fully entitled multifamily development site in a thriving Florida market. The property is situated south of SR 100 and west of Old Kings Road, providing excellent connectivity and accessibility. Don't miss this opportunity to capitalize on the strong demand for residential housing in this desirable location.

Location Insight

City

Palm Coast

County

Flagler

State

Florida

Latitude

29.4743

Longitude

-81.1809

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