3-5 Acres ALF/Multi-Family/Office

635 & 639 Powers Ave Port Orange, FL 32129

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FOR SALE
Property Type:
Multifamily Land
Amount:
$815,000
Last Verified:
Jun 28, 2017

Highlights

  • 3-5 Acres in the Heart of Port Orange
  • Town Center District Economic Incentive Program
  • Neighborhood Preservation Zoning-Multi Family/ALF/Office
  • Frontage on Powers Ave and Spruce Creek Road

Description

3.55 Acres in the heart of Port Orange. Sitting at the intersection of Spruce Creek and Powers, the properties currently have single family homes. The properties may also be combined with 633 Powers which will add 1.21 acres. The property is now in the Town Center District Economic Incentive Program with the City of Port Orange. This program incentivizes development through revenue sharing and tax abatement.

The zoning is Neighborhood Preservation, allowing for "Urban High Density Residential(8-16 units per acre). There are 390 feet of frontage on Powers and 380 feet of Spruce Creed Rd. Permitted uses with special development requirements Assisted living facilities, Child care centers, Clubs, lodges, fraternal organizations, Nursing homes and Community gardens. Special exception uses: Houses of worship and Private schools.

Between US1 and Nova at the Intersection of Spruce Creek and Powers


Year Built: 0
Building Size: 0.0sq ft
Lot Size: 3.55 acres

Map of 635 & 639 Powers Ave, Port Orange, FL, 32129

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Real Estate Incentives (What is this?)
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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.