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3411 S Atlantic Avenue, Daytona Beach Shores, FL

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3411 S Atlantic Avenue

Daytona Beach Shores, FL 32118 - Coastal Daytona Beach Submarket

Property Type:Land Parcel Size:1.04 Acres
For Sale Price:$4,500,000 Price/Acre:$4,326,923 Price/SF:$99.33

Proposed Use:MultiFamily

On-Site Improv:-

Sale Notes:
Vacant oceanfront land parcel, with 200' of width direct oceanfront, and 228' deep. 1.305 acres net inside the seawall, and 1.44ac gross to the mean high water line, for density calculations. The City of Daytona Beach Shores allows 60 units per acer of residential development, 50% greater than the R-40 Zoning in Daytona Beach.

Ownership will entertain JV opportunities and owner financing.

* Superior Location for Condo Development given DB Shores Development Code
* Excellent Location and Southern Section of Daytona Beach Shores
* R-60 Density allows 86 units with no variances, Can go up to 105 units.
* The parcel is right at the base of the Dunlawton Bridge - Easy Mainland Access
* Arguably the best undeveloped condo site remaining in the market
Beachside Daytona Beach Shores, high quality condo development to the immediate south, and newly remodeled hotel to the north. The property is one parcel north of Dunlawton Ave, which is SR400, and a direct access road to I-95 and I-4.

SVN Alliance Commercial Real Estate Advisors
Tim Davis

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