$1,000,000
Ormond Beach, FL 32174
MLS# 1020188
Status: Closed
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Property Description
Discover the potential of the Laurel Site, a nearly 7.7-acre commercial land parcel located in the rapidly expanding Hunters Ridge area of Ormond Beach. Approved by DRI for 66,908 square feet of commercial retail/office space, this site offers a prime location nestled between well-established neighborhoods and new phases of development. Hunters Ridge Master Plan Community is a significant Development of Regional Impact (DRI) spanning over 1,976 acres across two counties. This mixed-use development boasts a harmonious blend of residential and commercial spaces. With approximately 1,200 residential units already built and substantial site work completed, the community is thriving. Pre-sales for the next phases, which will accommodate over 1,931 additional residences, are progressing well, highlighting the area's robust growth. Seller will also ground lease, JV, or build to suit. Over 11,000+ rooftops to be constructed in the surround area. Additional commercial sites available.
Details
Maps
Location, Tax, and Legal
Tax Account: 5677992
Parcel Number: 22-14-31-0000-01010-0120
General County Location: Out of Brevard
Tax Annual Amount: 5360.15
Tax Year: 2023
Tax Legal Description: 8.33 AC LYING SLY OF AIRPORT RD WLY OF HUNTERS RIDGE BLVD NLY ALONG HUNTINGTON WOODS AT HUNTERS RIDGE PHASE I OR 2099/15
Directions: From 40, Right onto Airport Rd, go to the roundabout and the site is on the SW corner. or Airport Rd & Hunters Ridge Blvd.
General Property Information
Number Of Lots: 1
Lot Size Acres: 7.7
Lot Size Square Feet: 335412
Association YN: No
Water Body Access YN: No
Waterfront YN: No
CDD Fee YN: No
List Price/Acre: 389610.39
Sold Price/Acre: 129870.13
Currently Not Used
Pool Private YN: No
Remarks and Miscellaneous
Public Remarks: Discover the potential of the Laurel Site, a nearly 7.7-acre commercial land parcel located in the rapidly expanding Hunters Ridge area of Ormond Beach. Approved by DRI for 66,908 square feet of commercial retail/office space, this site offers a prime location nestled between well-established neighborhoods and new phases of development. Hunters Ridge Master Plan Community is a significant Development of Regional Impact (DRI) spanning over 1,976 acres across two counties. This mixed-use development boasts a harmonious blend of residential and commercial spaces. With approximately 1,200 residential units already built and substantial site work completed, the community is thriving. Pre-sales for the next phases, which will accommodate over 1,931 additional residences, are progressing well, highlighting the area's robust growth. Seller will also ground lease, JV, or build to suit. Over 11,000+ rooftops to be constructed in the surround area. Additional commercial sites available.
Current Use
Commercial: 1
Electric
Underground: 1
Listing Terms
Cash: 1
Conventional: 1
Lease Option: 1
Lease Purchase: 1
Owner May Carry: 1
Private Financing Available: 1
Lot Features
Corner Lot: 1
Split Possible: 1
Wooded: 1
Possession
Close Of Escrow: 1
Road Frontage Type
County Road: 1
Road Surface Type
Asphalt: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Available: 1
Electricity Available: 1
Sewer Available: 1
Water Available: 1
Water Source
Public: 1
Development Status
Site Plan Approved: 1
See Remarks: 1
Showing Requirements
Other: 1
Contract Information
Current Price: $1,000,000
Original List Price: 3000000
Sold Price: $1,000,000
Status: Closed
Listing Contract Date: 2024-07-22
Property Sub Type: Unimproved Land
Location Tax and Legal
Street Number: 76
Street Name: Hunters Ridge
Street Suffix: Boulevard
County: Flagler
State: FL
Postal Code: 32174
MLS Area Major: 999 - Out of Area
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2024-12-27T18:48:33Z
Major Change Type: Status Change
Status Change Timestamp: 2024-12-27
Purchase Contract Date: 2024-11-22
Close Date: 2024-12-27
Close Price: 1000000
Property Features
Current Use: Commercial
Development Status: Site Plan Approved; See Remarks
Electric: Underground
Listing Terms: Cash; Conventional; Lease Option; Lease Purchase; Owner May Carry; Private Financing Available
Lot Features: Corner Lot; Split Possible; Wooded
Possession: Close Of Escrow
Road Frontage Type: County Road
Road Surface Type: Asphalt
Sewer: Public Sewer
Showing Requirements: Other
Special Listing Conditions: Standard
Utilities: Cable Available; Electricity Available; Sewer Available; Water Available
Water Source: Public
Supplements
Utilities & Driveway stubbed out to the site.
Listing Office: Landshark Realty
Last Updated: December - 27 - 2024
Information is deemed to be reliable, but is not guaranteed.