Elvis A. Amor

$454,000

3.51 Acres

Daytona Beach, Florida, 32117

Coldwell Banker Commercial Realty is pleased to present represents a rare infill multifamily development opportunity in Brentwood Drive, Daytona Beach, Florida, positioned within a growing residential corridor supported by expanding rental demand, strong in-migration trends, and sustained housing affordability pressure across Volusia County.The site is being offered as a 90–120 unit garden-style multifamily development opportunity, with multiple density scenarios supporting both conservative and upside-driven investment strategies. At stabilized operation, the project benefits from strong rental demand in the Daytona Beach multifamily market.Key Assumptions:Average Rent: ~$1,650/monthExpense Ratio: ~40%Exit Cap Rate: ~6.25%Under these assumptions, stabilized performance scales meaningfully with density:90 Units → Lower bound feasibility case100 Units → Institutional baseline case120 Units → Upside-driven value creation caseImportantly, returns are highly sensitive to unit yield, making entitlement and design optimization the primary value drivers of the investment. Rather than a stabilized income asset, Brentwood Drive is a value-creation land play, where performance is driven by: Entitlement optimization, Density maximization, Construction efficiency, and Rent growth capture This is a deal designed for developers who understand that in Florida infill markets, value is created; not purchased.

$0

2.04 Acres

Micanopy, Florida, 32664

Coldwell Banker Commercial Realty is pleased to announce the availability of 21121 N US Highway 441, Micanopy, FL 32667, a 2.04-acre parcel offering strong development and investment potential. The seller currently utilizes the site for car storage and parking and is open to a seller finance, subject to internal discussions. Strategically located along North US Highway 441, the property sits approximately 25 minutes from the University of Florida, North of Gainesville, and 15 minutes South of Ocala, providing convenient access to two major growth markets. The property is currently zoned R-4 (Mixed Residential), which is intended to accommodate medium-density residential development, including single-family or two-family residences utilizing a mix of manufactured homes and conventional construction. The buyer would have the opportunity to pursue rezoning of the site for agricultural or farmland use, subject to municipal approval.Given the ongoing demand for student housing near the University of Florida, this site presents a compelling opportunity for residential, multifamily, or mixed-use development.Discover an exceptional investment opportunity with this well-positioned property in the greater North Central Florida / Ocala-Gainesville corridor. With excellent visibility, accessibility, and flexible zoning potential, the site is well-suited for land investors and multifamily developers seeking to capitalize on a thriving and expanding regional market. The Gainesville–Ocala corridor benefits from a diverse and growing population, anchored by the University of Florida, one of the largest universities in the state. The area demonstrates stable employment fundamentals, supported by education, healthcare, logistics, and government sectors. Educational attainment levels are elevated due to the university presence, driving consistent demand for student-oriented housing and workforce rentals. Continued enrollment growth and limited new student housing supply have intensified demand, positioning this location as a strong candidate for future residential and student housing development.The broader McIntosh–Micanopy corridor continues to experience steady population growth, rising household incomes, and stable employment across healthcare, education, logistics, manufacturing, and agriculture. Additionally, the upcoming Camp Margaritaville Orange Lake, scheduled to open in August 2026 in nearby Citra, is expected to further enhance regional tourism and economic activity.Link: Citra, FL RV Resort | Camp Margaritaville Resort Orange Lake