2040 Ocean Shore Blvd - Apartments FOR SALE


Ormond Beach, FL 32176- Ormond By The Sea
$2,700,000 USD
386-679-5037
2040 Ocean Shore Blvd, Ormond Beach, FL for Sale
$2,700,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

2040 Ocean Shore Blvd
Ormond Beach, FL 32176
Ormond By The Sea


HIGHLIGHTS

  • Steps from beach access
  • High land scarcity along Ocean Shore Blvd
  • Conceptual plan supports 3-level attached residential product

OVERVIEW

Prime Coastal Redevelopment Opportunity Prime coastal redevelopment opportunity on the North Peninsula. 2040 Ocean Shore Blvd offers a 1.02-acre corner parcel along A1A, just steps from direct beach access and surrounded by established residential communities. The property is zoned R-8 with Urban High Intensity FLU, providing a clear path for a boutique attached residential project. The conceptual site plan illustrates a three-level layout with 20' x 40' units, required buffers, and 31' height-based setbacks, giving developers immediate clarity on density and design potential. The North Peninsula continues to experience strong demand for modern coastal housing, driven by limited new construction supply, high land scarcity, and steady absorption of 3–10 unit infill projects. Buyer profiles include second-home purchasers, downsizing locals, and out-of-state relocators seeking walkability and ocean proximity. Adjacent communities such as Starboard Light demonstrate market acceptance of attached coastal product and support premium pricing for new construction. This site offers excellent visibility at Ocean Shore Blvd and Ocean Crest Dr, walkable access to the beach, and a development-ready framework supported by engineering concepts. Ideal for a boutique developer seeking a rare coastal infill parcel with strong long-term appreciation potential and multiple exit strategies, including fee-simple townhomes or condo-mapped units. 1.02-acre corner parcel on Ocean Shore Blvd (A1A) Steps from direct beach access and walkable coastal amenities Rare North Peninsula infill site with strong demand for new construction Zoning & Development Framework Zoning: R-8 | FLU: Urban High Intensity Conceptual plan supports 3-level attached residential product Height-based setbacks shown on conceptual plan: “12' + 1'/FT above 25' = 31'” Required buffers and circulation already illustrated in engineering concept

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$357 USD /SF

# OF UNITS

12

PRICE/UNIT

$225,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2040 Ocean Shore Blvd | Ormond Beach

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

PARKING SPACES

9

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

R8

APN/PARCEL ID

3227-03-01-0100

ASK ABOUT THIS PROPERTY

Dick McNerneyAdams Cameron & Co.More Info
386-679-5037

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Dick McNerneyAdams Cameron & Co.More Info
386-679-5037

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.