12 Pearl DrOrmond Beach, FL 32174

Property Details for 12 Pearl Dr

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional 16.32-acre land assemblage in Ormond Beach, Florida, presents a unique investment opportunity. Located at 12 Pearl Drive, this property boasts 710,899.2 square feet of high, level land, partially wooded, and strategically positioned east of I-95. Its prime location offers immediate proximity to a wealth of amenities, including shopping centers, banks, restaurants, and medical facilities. Access is convenient via Pearl Drive, adjacent to Ameris Bank, and a dedicated easement between VyStar Credit Union and Zaxby's. Currently zoned for assisted living, childcare, and private schools, the future land use plan designates a mix of residential, office, and retail uses. This presents significant potential for diverse development projects, including townhomes, apartments, or condominiums, though land use and zoning changes may be required. The property's location less than a mile from I-95 and across the street from Aldi's and Starbucks further enhances its desirability. This represents a rare opportunity to acquire one of the last remaining large tracts of its kind in Ormond Beach, offering substantial upside for the discerning investor. The asking price is $3,952,500. The property's address is 12 Pearl Drive, Ormond Beach, FL 32174.

Location Insight

City

Ormond Beach

County

Volusia

State

Florida

Latitude

29.2663

Longitude

-81.1067

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