CTLC SR 40 Listing

SR 40 Ormond Beach, FL 32174

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FOR SALE Incentives
Property Type:
Residential Land Development
Last Verified:
Jan 25, 2017


SR 40 near Old Tomoka Rd, between Breakaway Trails and Hunters Ridge
18.96 Acre Development Site in Ormond Beach, FL
Potential for residential development, low-intensity commercial or land banking
City of Ormond Beach is supportive of a rezoning to allow Commercial Uses
Conveniently located on Granada Blvd (SR 40) between Breakaway Trails and Hunters Ridge
Mostly high and dry, 17.13 upland acres
Incredible exposure with 2,600 feet of frontage on Granada Blvd
Just two miles west of I-95
Contact broker for details
Year Built: 0
Building Size: 0.0sq ft
Lot Size: 18.96 acres

Map of SR 40, Ormond Beach, FL, 32174

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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.