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239 S Dr Martin Luther King Jr Blvd 1.89 Acres of Residential Land Offered at $1,072,127 CAD in Daytona Beach, FL 32114

Residential Land & Home Lots Florida Daytona Beach 239 S Dr Martin Luther King Jr Blvd, Daytona Beach, FL 32114

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INVESTMENT HIGHLIGHTS

  • Midtown Redevelopment area
  • Owner may carry short term financing with 50% down
  • Perfect townhome development

EXECUTIVE SUMMARY

Explore the exceptional investment potential with this cleared land for a proposed 36 unit property located at 239-241 Martin Luther King Boulevard South. The expired PDA includes parking in the adjoining city parking lot and off-site retention that is maintained by the city. Boasting a prime location in Daytona Beach close to Bethune-Cookman University, this property is perfectly positioned for multifamily/low-rise/garden development. With future zoning for RDM-5, investors have the opportunity to maximize the site's potential for housing development. A new Planned Unit Development (PDA) may allow up to 40 units per acre. As an investor, you can capitalize on the thriving multifamily market in Daytona Beach and leverage the property's convience to Bethune Cookmna University to achieve long term success in the dynamic real estate landscape.

ATTACHMENTS

Offering Memorandum Proposed Development
Offering Memorandum 3-18-25
Survey outlined
Proposed site plan
RDM5 zoning
Plat map outlined

PROPERTY FACTS

Price $1,072,127 CAD Property Subtype Residential
Sale Type Investment Proposed Use
Apartment Units
  • Apartment Units - Dorms
  • Apartment Units - Subsidized
  • Planned Unit Development
  • Single Family Development
No. Lots 1 Total Lot Size 1.89 AC
Property Type Land Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning RDM-5 - Townhome subdivision, Multifamily dwelling, upper story dwelling, Retail sales and service
Price $1,072,127 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Apartment Units
  • Apartment Units - Dorms
  • Apartment Units - Subsidized
  • Planned Unit Development
  • Single Family Development
Total Lot Size 1.89 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning RDM-5 - Townhome subdivision, Multifamily dwelling, upper story dwelling, Retail sales and service

1 LOT AVAILABLE

Lot 8 lots

Price $1,072,127 CAD Lot Size 1.89 AC
Price Per AC $567,263.07 CAD
Price $1,072,127 CAD
Price Per AC $567,263.07 CAD
Lot Size 1.89 AC

Cleared land that is for a proposed 36 unit property close to Bethune Cookman University. Future zoning of RDM-5 allows for 40 units per acre. The expired PDA allows off site retention and contiguous parking. Possible Mid-Town grants available.

DESCRIPTION

1.89 acres cleared land previously approved for 36 Townhomes. The expired PDA included parking in the adjacent\contiguous city parking lot and off-site retention that is maintained by the city. Located in the Midtown redevelopment area with potential grants available. Convenient to Bethune Cookman University poises this property for multifamily which has an abundance of potential tenants. Seller may consider short term financing with a 45 day close.

LINKS

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Walk Score®
Very Walkable (74)
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(386) 295-0839

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Contact the brokers for more information about this property

CONTACTS

  • Listing ID: 34411423

  • Date on Market: 2025-01-08

  • Last Updated:

  • Address: 239 S Dr Martin Luther King Jr Blvd, Daytona Beach, FL 32114

The Greater Daytona Land Property at 239 S Dr Martin Luther King Jr Blvd, Daytona Beach, FL 32114 is currently available. Contact Coldwell Banker Commercial Benchmark for more information.

LAND PROPERTIES IN NEARBY NEIGHBORHOODS

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239 S Dr Martin Luther King Jr Blvd
(386) 295-0839 x

239 S Dr Martin Luther King Jr Blvd

G.G. Galloway
(386) 295-0839

Scott Harter
(386) 290-6994

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