3338 W Indian River Boulevard, Edgewater, FL 32141 (MLS# 1074676)

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.