1506 N Us Hwy 1 Ormond Beach, FL 32174
Estimated payment $4,893/month
About This Lot
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
Listing Agent
SVN Alliance Commercial Real Estate Advisors License #3068067 Listed on: 12/31/2019
Property Details
Property Type
- Land
Est. Annual Taxes
- $2,019
Lot Details
- 1.6 Acre Lot
- Zoning described as Retail
Community Details
- Property has a Home Owners Association
- Ormond Lakes Subdivision
Listing and Financial Details
- Assessor Parcel Number 313601600170
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $611 | $37,323 | $37,323 | -- |
| 2024 | $550 | $37,323 | $37,323 | -- |
| 2023 | $550 | $33,930 | $33,930 | $0 |
| 2022 | $500 | $30,538 | $30,538 | $0 |
| 2021 | $396 | $22,523 | $22,523 | $0 |
| 2020 | $396 | $22,523 | $22,523 | $0 |
| 2019 | $400 | $22,523 | $22,523 | $0 |
| 2018 | $411 | $22,523 | $22,523 | $0 |
| 2017 | $430 | $22,523 | $22,523 | $0 |
| 2016 | $446 | $22,523 | $0 | $0 |
| 2015 | $464 | $22,523 | $0 | $0 |
| 2014 | $465 | $22,523 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/31/2019 12/31/19 | For Sale | $899,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $184,400 | -- | |
| Quit Claim Deed | $60,000 | -- | |
| Deed | $100 | -- | |
| Deed | $30,000 | -- | |
| Deed | $7,500 | -- |
Source: Daytona Beach Area Association of REALTORS®
MLS Number: 1065936
APN: 3136-01-60-0170
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