This exceptional 2.3-acre commercial parcel, located at 1251 W Plymouth Ave in DeLand, Florida (zip code 32720), presents a unique investment opportunity. Situated in Volusia County, this property boasts a prime location just west of Spring Garden Road, adjacent to established residential communities: Hunters Creek (192 apartments) and Lexington Club at Hunters Creek (214 elderly apartments). Its proximity to Florida Hospital Deland (just over half a mile away) further enhances its appeal. The land is zoned to allow for up to 16 multifamily units per acre, offering significant development potential for a variety of uses including multifamily, office, retail, or a combination thereof. The asking price for this strategically located property is $720,000. This presents a compelling opportunity for investors seeking high-growth potential in a thriving Florida market. The property's size and zoning regulations provide considerable flexibility for developers seeking to create a profitable and impactful project. Broker co-op is available.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Industrial / Distribution
$740,887
Retail / Commercial
$380,662
Mixed-Use / Specialty
$379,886
Hospitality / Lodging
$279,468
Office
$378,235
Institutional / Educational
$395,137
Residential Income
$462,310
Multifamily
$551,244
Automotive / Energy
$338,688
Parking / Income-Based Land
$116,302
Restaurant / Food Service
$198,823
Healthcare / Senior Housing
$388,970
Location Insight
City
Deland
County
Volusia
State
Florida
Latitude
29.0429
Longitude
-81.3283
CBSA code
19660
CBSA name
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
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Plymouth Ave DeLand, FL 32720
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Plymouth Ave DeLand, FL 32720
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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