Listing provided courtesy of SVN Alliance Commercial Real Estate Advisors- MLS# 1065936MLS Provider

1506 N US Hwy 1Ormond Beach, FL 32174

Vacant Land · 1.60 Acres
$899,000 Active

1506 N US Hwy 1 Overview

Time on Site:
2373 days
Visits:
64

Offered for sale is this 1.6+/- acre hard corner retail development site in Ormond Beach, FL. Located at the SWC of US Hwy 1 and Broadway Ave. This intersection just received a new traffic light in 2019 as it will now serve as the main entrance off of US Hwy 1 to the Ormond Crossings Business Park. The first tenant in this 1m+ SF business park is Security First Insurance who just opened their 130k SF headquarters building in November 2019 and has over 500 employees working at this location. The site offers over 300' of frontage on US Hwy 1 with full access via the Broadway Ave intersection. With the brand new traffic light and surrounding new development this hard corner site has become the most attractive retail location in the corridor. Tremendous potential with the ability to do multiple QSR's, strip center, restaurant, etc. The city and community are very supportive of new retail development near this I-95 intersection (exit 273). 1.6+/- acre hard corner retail site in Ormond Beach, FL Located immediately south of I-95 Over 300' of frontage on US Hwy 1 Property is just in front of new Security First Insurance 130,000 SF headquarters building Adjacent to newly proposed Ace Hardware site All utilities are available to site Brand new traffic light at US Hwy 1 & Broadway Ave offers full access Zoning allows intense commercial development Adjacent 8,000 SF lot on Gowers St could also be assembled

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1506 N US Hwy 1 Facts & Features

  • Type Vacant Land
  • Lot 1.60 Acres

Details

General

Association/HOA

  • Association: true

Business Information

  • Current Use: Commercial,Retail,Unimproved

Location/Region

  • Country: US
  • County Or Parish: Volusia
  • MLS Area Major: 45 - Ormond N of 40, W of US1, E of 95
  • MLS Area Minor: 45 - Ormond N of 40, W of US1, E of 95
  • Subdivision Name: Ormond Lakes

Tax Information

  • Tax Annual Amount: 2019.0
  • Tax Year: 2019

General Information

  • Parcel Number: 313601600170
  • Property Sub Type: Unimproved Land
  • Property Type: Land

Interior

Beds/Baths

  • Bathrooms Total: 0

Exterior

Lot Information

  • Lot Size Acres: 1.6
  • Lot Size Area: 1.6
  • Lot Size Dimensions: 1.6 Acre
  • Lot Size Square Feet: 69696.0
  • Lot Size Units: Acres

1506 N US Hwy 1 Neighborhood

Community

32174 (ORMOND BEACH) Demographics

55
Median Age
404
Population Density (per sq. mile)
41%
College Educated
$56,383
Estimated Median Income
18,340
Estimated Total Home Owners
4,750
Estimated Total Renters
79% / 21%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data unavailable, School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1506 N US Hwy 1 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1506 N US Hwy 1 Market Data

Based on the last 30 days in this zip code

$557,534
Average List Price
$252
Average Price per Square Foot
175
Properties Sold
102
Average Days on Market
885
Properties for Sale
Calculations provided by Reliance Network