$8,420,000, 1,163,488 Sqft 45.22 Acres
About This Property
Offered for sale is Ocean Village, a multifamily development site in Palm Coast, FL. This 45+/- acre development site is zoned, engineered and approved for up to 421 residential units (site can be subdivided). Ocean Village offers tremendous flexibility in use, programming, site design and phasing. A Development Order and SJRWMD Master Stormwater Permit are already in hand, which will accelerate your development timeline and allow you to deliver units faster. Uses such as Build For Rent, garden-style apartments, low rise condos and townhomes are all possible under the current zoning. Ocean Village is near the intersection of SR 100 and Colbert Lane and offers access to the best natural amenities in all of Flagler County.The site is just 2 miles from the Atlantic Ocean and downtown Flagler Beach. Flagler Beach, a quaint beachside city just over the SR 100 bridge, offers unique dining, shopping and outdoor entertainment experiences. Within walking distance from Ocean Village are the Graham Swamp Preserve (bicycling on Lehigh Trail, hiking, fishing), Beach Village (Publix, restaurants, retail) and Wadsworth Park (sports fields, play areas, dog park). Flagler County is again experiencing tremendous residential growth. In 2006 it was the fastest growing county in the entire United States. People continue to migrate to this area from the north and residential options (especially rentals) are limited. Exciting new projects have been recently announced, including the new Jacksonville University campus and UNF Mednex, that will continue to drive growth here. The UNF Mednex will be the nation's first comprehensive, university-based medical nexus and will be less than 2 miles west from Ocean Village in the Palm Coast Town Center.
SVN Alliance Commercial Real Estate Advisors
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