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3338 W Indian River Blvd
Edgewater, FL 32132
96 ACRES NEXT MAJOR I-95 HUB CENTRAL FL · Land For Sale
·
96.20 AC
INVESTMENT HIGHLIGHTS
- Includes 88 acres of Multifamily PUD of 468 units in process
- Located in Southeast Volusia County, just north of Kennedy Center and the Space Coast
- 15 minutes to the ocean and the white sands of New Smyrna Beach
- And 8 acres of commercial along SR 442
- One hour to to Orlando attractions and International Airport
EXECUTIVE SUMMARY
Currently we have PUD approval for 468 units of MF apartments and the 8 acres of commercial. Any changes, such as adding townhouses would require an amendment, however, there is currently a moratorium in place.
The seller is currently in the process of obtaining an easement agreement with the State of Florida for the entrance along the eastern property line at Cow Creek as shown on the proposed site plan.
This thriving growth corridor offers an exciting opportunity, with Deering Park leading extensive residential, industrial, and commercial development on the west side of I-95. Less than a mile east, the City of Edgewater has acquired land on SR-442 for a future municipal complex, including new fire and police departments. Plans are also in place for a future divergent diamond interchange at I-95 and SR-442, enhancing accessibility while remaining within the existing footprint.
The seller is currently in the process of obtaining an easement agreement with the State of Florida for the entrance along the eastern property line at Cow Creek as shown on the proposed site plan.
This thriving growth corridor offers an exciting opportunity, with Deering Park leading extensive residential, industrial, and commercial development on the west side of I-95. Less than a mile east, the City of Edgewater has acquired land on SR-442 for a future municipal complex, including new fire and police departments. Plans are also in place for a future divergent diamond interchange at I-95 and SR-442, enhancing accessibility while remaining within the existing footprint.
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | |
| Property Type | Land | Total Lot Size | 96.20 AC |
| Zoning | PUD - 96.2 Acres PUD: 88 Acres Multifamily and 8 Acres Commercial | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 96.20 AC |
| Zoning | PUD - 96.2 Acres PUD: 88 Acres Multifamily and 8 Acres Commercial |
1 LOT AVAILABLE
Lot
| Price | $13,065,812 CAD | Lot Size | 96.20 AC |
| Price Per AC | $135,819.25 CAD |
| Price | $13,065,812 CAD |
| Price Per AC | $135,819.25 CAD |
| Lot Size | 96.20 AC |
DESCRIPTION
96 Acres located at the southeast quadrant of SR 442 and I-95 in Edgewater, FL. This site offers +/- 8 acres of commercial property with 985 feet of frontage on SR 442. The Seller has obtained PUD approvals for 468 Multifamily units on the remaining 88 acres. There is 4,300 feet (.8 mile) of I-95 frontage. Deering Park is in the process of developing both the southwest and northwest quadrants along I-95.
PROPERTY TAXES
| Parcel Number | 8408-00-00-0022 | Improvements Assessment | $0 CAD |
| Land Assessment | $7,209,654 CAD | Total Assessment | $7,209,654 CAD |
PROPERTY TAXES
Parcel Number
8408-00-00-0022
Land Assessment
$7,209,654 CAD
Improvements Assessment
$0 CAD
Total Assessment
$7,209,654 CAD
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