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Investment Highlights

  • Includes 88 acres of Multifamily PUD of 468 units in process
  • Located in Southeast Volusia County, just north of Kennedy Center and the Space Coast
  • 15 minutes to the ocean and the white sands of New Smyrna Beach
  • And 8 acres of commercial along SR 442
  • One hour to to Orlando attractions and International Airport

Executive Summary

96 Acres located at the southeast quadrant of SR 442 and I-95 in Edgewater, FL. This site offers +/- 8 acres of commercial property with 985 feet of frontage on SR 442. The Seller has obtained PUD approvals for 468 Multifamily units on the remaining 88 acres. There is 4,300 feet (.8 mile) of I-95 frontage. Deering Park is in the process of developing both the southwest and northwest quadrants along I-95.
The seller is awaiting final sign-off from the State of Florida on the Cow Creek Road trail crossing. The City of Edgewater has confirmed the proposed use of state lands is consistent with the Comprehensive Plan. The seller has obtained the Volusia County use permit and the civil engineering package is available in the project Dropbox folder.
This easement supports the planned entrance construction on Cow Creek Road and represents a critical access and infrastructure milestone for the project.
Other points of interest:
• 15 minutes to the ocean and the white sands of New Smyrna Beach96 Total Acres
• Includes 88 acres of Multifamily PUD of 468 units in process
• And 8 acres of commercial along SR 442
• Located in Southeast Volusia County, just north of Kennedy Center and the Space Coast
• One hour to Orlando attractions and International Airport

Property Facts

Price $12,700,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Multifamily
  • Apartment Units
  • Fast Food
  • Hospital
  • Hotel
  • Service Station
Total Lot Size 96.20 AC
Zoning PUD - 96.2 Acres PUD: 88 Acres Multifamily and 8 Acres Commercial

1 Lot Available

Lot

Price $12,700,000
Price Per AC $132,016.63
Lot Size 96.20 AC

96 Acres PUD approved: 468 Multi-Family Units; 8 acres of commercial frontage

Description

96 Acres located at the southeast quadrant of SR 442 and I-95 in Edgewater, FL. This site offers +/- 8 acres of commercial property with 985 feet of frontage on SR 442. The Seller has obtained PUD approvals for 468 Multifamily units on the remaining 88 acres. There is 4,300 feet (.8 mile) of I-95 frontage. Deering Park is in the process of developing both the southwest and northwest quadrants along I-95. The owner is in the final stages of securing the easement with the state of FL for the Cow Creek Road entrance. The sales prices reflects completion of construction of that entrance.

Exceptionally drivable
100/100
Somewhat bikeable
30/100
  • Listing ID: 35510865

  • Date on Market: 4/16/2025

  • Last Updated:

  • Address: 3338 W Indian River Blvd, Edgewater, FL 32132

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