3721 Oak Cv PlPort Orange, FL 32129

Property Details for 3721 Oak Cv Pl

Property size (Sq ft)

1,742 SF

Property type

Other commercial real estate

Property subtype

Multifamily properties

Description

This exceptional investment opportunity encompasses twelve buildable lots, totaling 1,764.18 square feet, located at 3721 Oak Cove Place, Port Orange, Florida, 32129. The property is zoned for the development of twelve townhomes, arranged in four buildings of three units each. One building, comprising 1,742 square feet, is already completed and received its Certificate of Occupancy in August. Detailed plans for the second building have been submitted to the City of Port Orange for approval, significantly expediting the construction process. The remaining three buildings are ready for immediate development, presenting a streamlined path to completion. This bulk sale includes all twelve remaining lots from an original sixteen-lot property, conveniently situated just off Nova Road, between Herbert and Dunlawton Roads. The asking price is $760,000, representing a significant value proposition, priced below a November 2019 appraisal. This is a unique chance to acquire a fully developed and partially constructed townhome project in a desirable Port Orange location. Detailed plats are available upon request. This is a rare opportunity to acquire a substantial multifamily development project in a prime location, offering significant potential for immediate returns and long-term growth. The property's proximity to major roadways ensures excellent accessibility and high visibility. This is a turnkey opportunity for a builder or investor seeking a high-yield project with minimal development hurdles.

Location Insight

City

Port Orange

County

Volusia

State

Florida

Latitude

29.1341

Longitude

-81.0108

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