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•Located on the high-traffic International Speedway Blvd (ISB/US-92) corridor in DeLand, this 4. 12-acre parcel offers a unique investment or development opportunity driven by its versatile A-3C zoning. The "C" designation indicates a Thoroughfare Overlay Zone, a critical factor that signals the property's potential for future commercial transition or high-visibility professional use. With average daily traffic counts ranging between 25, 000 and 32, 000 vehicles, the site provides exceptional exposure for businesses looking to capture the steady flow of commuters and travelers moving between the historic DeLand district and the coastal hubs of Daytona Beach.
•The property is ideally suited for a variety of high-interest groups. Commercial developers and land-bank investors are likely to see the 4. 12 acres as a prime candidate for a future "path of growth" project, such as a retail strip, professional office complex, or equipment rental center. Alternatively, the A-3 classification allows for a minimum one-acre lot size, making the land attractive to small-scale residential builders or "mini-farm" enthusiasts who wish to create a private three-to-four-lot estate enclave without the restrictions of a traditional HOA. This size also perfectly accommodates specialized agricultural entrepreneurs, such as those looking to establish a retail nursery, garden center, or agritourism venture that can capitalize on the direct road frontage.
•Current market trends in the DeLand area further enhance the property's value, particularly with the nearby expansion of major industrial and mixed-use projects like the DeLand Tech Park. While the Thoroughfare Overlay requires adherence to specific setbacks and landscape buffers to maintain the corridor's aesthetic, these regulations ensure a professional environment for long-term appreciation. Whether utilized for a custom residential estate with ample room for workshops and recreational equipment or pivoted toward a General Commercial (B-4) use, this acreage stands as a strategic asset in one of Volusia County’s most active development zones.
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $419,200 | $419,200 | $419,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.628% | 5.866% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,511 | $2,647 | $3,453 |
| Total Monthly Payment | $2,603 | $2,739 | $3,545 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.