Description

Prime 4.8-acre Commercial and Multifamily Development Opportunity in the heart of Daytona Beach, Florida. Zoned MFR-20 (Multifamily Residential-20), this exceptional parcel offers a theoretical maximum density of approximately 96 dwelling units (20 units per acre), subject to buyer verification, site design, engineering, and City of Daytona Beach approvals.The property offers a wide range of development opportunities, including multifamily apartments, senior housing, assisted living facilities (ALFs), nursing homes, daycare facilities, educational uses, and other permitted residential and institutional uses. Townhouse development potential may also be available, subject to applicable approvals.Comprising approximately 209,088 square feet (4.8 acres), this centrally located site offers outstanding development potential in an established, growing area surrounded by residential neighborhoods, medical facilities, retail centers, restaurants, schools, and major employment hubs. Utilities are available in the area. No HOA. Located in Flood Zone X, where flood insurance is generally not required by lenders.Positioned within a designated Opportunity Zone, this property offers additional long-term investment appeal. Conveniently located near US-1, Interstate 95, LPGA Boulevard, International Speedway Boulevard, Daytona Beach International Airport, Halifax Health Medical Center, Daytona International Speedway, Embry-Riddle Aeronautical University, Bethune-Cookman University, shopping, dining, and the world-famous Daytona Beach beaches and Atlantic Ocean.Daytona Beach continues to experience strong residential, medical, educational, and economic growth, creating increasing demand for housing and supportive services. This rare infill development site presents an exceptional opportunity for multifamily developers, senior housing operators, institutional investors, healthcare-related projects, and residential builders seeking a strategic location in one of Central Florida's most active growth corridors.