New Smyrna Beach Development Opportunity!

Build Potential: 6 Single-Family Homes (>$214/sqft avg. selling price) or 12 multifamily units

Site Prep: Existing dwelling teardown, $10k demolition bid in place.
Zoning: R5 (Multifamily).

Close by: 3/30/2024.

Zoning is R5. All you need is a 5000 square-foot parcel at a minimum subject of 750 square feet

The current property above was sold on 9 February for 300,000 with a square footage of 1400. This lot could be a prime location for three of those homes.

RealAVM™: $445,000
Value As Of:
Estimated Value Range High: $465,000
Confidence Score: 70
Estimated Value Range Low: $375,000

Forecast Standard Deviation: 01/29/2024

Wholesale Price: $219,999 with $5,000 EMD