Premier Oceanfront Development Opportunity – Ideal for High-End Residential or Tourist-Commercial Projects. This vacant oceanfront parcel, strategically located within the B-6 Oceanfront Tourist Commercial Zoning District, offers a prime development opportunity for investors and developers seeking to capitalize on its unique potential. Zoned for commercial, residential or tourist-commercial use, this property is well-suited for a range of development options, from luxury residential, to multifamily residential units to commercial lodging. Lot Size is approximately 95' x 290'.. The combination of flexible use, prime coastal location, and a growing demand for both residential and tourist accommodations makes this an excellent investment for the right developer. See video here: https://player.vimeo.com/video/1012410124
Utilities
BB/HS Internet Available, Cable Available, Electricity Available, Public, Sewer Available, Water Available
Lot Description:
Central Business District, CoastalConstruction Control Line, City Lot
749 S Atlantic AVENUE, Ormond Beach, FL, 32176
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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