Engineered Commercial Development Site

1175 N US Hwy 1 Ormond Beach, FL 32174

1175 N US Hwy 1, Ormond Beach, FL, 32174
1175 N US Hwy 1, Ormond Beach, FL, 32174 1175 N US Hwy 1, Ormond Beach, FL, 32174
FOR SALE Incentives
Property Type:
Other Land
Amount:
$350,000
Last Verified:
Aug 01, 2017

Highlights

  • 1.68 acre commercial development site available for sale
  • Site has been fully engineered for a 4,100 SF office/flex building with 18 parking spaces
  • Approximately 0.91 acres of uplands fronting US Hwy 1
  • 200' of frontage x 365' deep
  • All utilities available to site
  • Currently being annexed into the City of Ormond Beach
  • Permitted uses include office, fraternal clubs, C-store, multifamily, restaurant, retail

Description

1.68 acre commercial development site available for sale
Site has been fully engineered for a 4,100 SF office/flex building with 18 parking spaces
Approximately 0.91 acres of uplands fronting US Hwy 1
200' of frontage x 365' deep
All utilities available to site
Currently being annexed into the City of Ormond Beach
Permitted uses include office, fraternal clubs, C-store, multifamily, restaurant, retail

Located on the NEC of US Hwy 1 and Wall Street


Year Built: 0
Building Size: 0.0sq ft
Lot Size: 1.68 acres

Map of 1175 N US Hwy 1, 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.