3338 W Indian River Boulevard, Edgewater, FL 32141
$4,225,000
Property Type:
Land
Lot Size (sq. ft.):
4,192,214
Status:
Closed
Current Price:
$4,225,000
List Date:
7/15/2021
Last Modified:
9/26/2024
Description
Prime development location at the southeast quadrant of Interstate 95 and SR 442 in Edgewater FL. This is a major development area with several large projects under construction and in the planning stages. This property offers 96 acres with 4300 feet (.8 mile) of Interstate 95 frontage located in the immediate vicinity of Miami Corp's three development sites proposed to add nearly 33,000 homes and 9.5 million square feet of commercial space. The three major development sites are The Farmton property with entitlements from the county to accommodate up to 23,100 homes and 4.7 million square feet of commercial, office and industrial space. The Deering Park Center property comprising the southwest quadrant of the I-95/SR 442 with entitlements from the city for up to 1,362 homes and 1.5 million
Supplements: million square feet of commercial space. The third development is the 6,281-acre Restoration site at the northeast quadrant of I-95/SR 442 with entitlements from the city for 8,500 residential units and 3.2 million square feet office, industrial & commercial space. This is the perfect location for hotels, restaurants, retail shopping centers, strip malls, gas stations/truck stops and apartment complexes. Water and Sewer within close proximity.
More Information MLS# 1074676
General Property Information
Lot Size Acres: 96.24
Association YN: Yes
Association Fee 2: 0
Pool Private YN: No
Water Body Access YN: No
Directions: south east corner of 442 and Indian River Road
Public Remarks: Prime development location at the southeast quadrant of Interstate 95 and SR 442 in Edgewater FL. This is a major development area with several large projects under construction and in the planning stages. This property offers 96 acres with 4300 feet (.8 mile) of Interstate 95 frontage located in the immediate vicinity of Miami Corp's three development sites proposed to add nearly 33,000 homes and 9.5 million square feet of commercial space. The three major development sites are The Farmton property with entitlements from the county to accommodate up to 23,100 homes and 4.7 million square feet of commercial, office and industrial space. The Deering Park Center property comprising the southwest quadrant of the I-95/SR 442 with entitlements from the city for up to 1,362 homes and 1.5 million
List Price/Acre: 51849.54
Sold Price/Acre: 43900.67
Location, Tax, and Legal
Country: US
Parcel Number: 8408-00-00-0022
Tax Annual Amount: 126
Tax Year: 2019
Tax Legal Description: 8-18-34 IRREG PARCEL IN W 1/2 LYING E OF I 95 & S OF SR 442 & W OF FEC RR EXC N 175 FT S OF EDGEWATER RD BEING E 175 FT OF W 1783.38 FT OF NW 1/4 PER OR 1840 PG 1060 EXC 50% S/S RTS SW 1/4 & W 1/2 OF NW 1/4 PER DB 409 PG 429 PER OR 2651 PG 1970 & PER OR 5826 PG 3626
Lock Box Type
Supra: 1
Current Use
Commercial: 1
Industrial: 1
Mixed Use: 1
Multi-Family: 1
Office: 1
Retail: 1
Unimproved: 1
Lot Features
Other: 1
Utilities
Electricity Available: 1
Historical Information
Public Historical Remarks 1: Lot SqFt: 4192214.00; Zone Complies: Yes; Phase 1 Envrmnt Complete: No; Survey: Yes; Franchise Opt In: No
Contract Information
Current Price: $4,225,000
Property Sub Type: Unimproved Land
Status: Closed
Sold Price: $4,225,000
Listing Contract Date: 2020-08-20
Location Tax and Legal
Street Number: 3338
Street Direction Prefix: W
Street Name: Indian River
Street Suffix: Boulevard
County: Volusia
State: FL
Postal Code: 32141
MLS Area Major: 80 - Edgewater
Subdivision Name: Not In Subdivision
Status Change Information
Major Change Timestamp: 2021-12-17T14:59:35Z
Major Change Type: Status Change
Price Change Timestamp: 2021-06-29T22:07:25Z
Purchase Contract Date: 2021-12-03
Close Date: 2021-12-15
Close Price: 4225000
Property Features
Lock Box Type: Supra
Current Use: Commercial; Industrial; Mixed Use; Multi-Family; Office; Retail; Unimproved
Lot Features: Other
Utilities: Electricity Available
Listing Office:
Oceans Luxury Realty Full Service LLC
Last Updated: September - 26 - 2024
Information deemed reliable but not guaranteed.