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Land Resources / News / Florida

144 acre development site near Ormond sold for $2 million

Source: The Daytona Beach News-Journal, by Bob Koslow
November 14, 2011
A family partnership has purchased a 144-acre mixed-use development site on the east side of North U.S. 1 just beyond the city limits for $2 million, but has no immediate plans to build anything on it.

"The sellers had development plans, but as the economy tanked and prices fell from where they were four and five years ago, those plans went by the wayside," said Carl Lentz, director of commercial sales and leasing for Ormond Beach-based Realty Pros Assured, who represented the property sellers and brokered the transaction.

Read the complete article from The Daytona Beach News-Journal »

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