Brentwood Drive
$767,000
Brentwood Drive, Holly Hill, FL 32117
3.51 acres
Lot Area
Details:
Highlights:
- Zoned MFR-20
- Multifamily residential potential
- Strategic location
- Development opportunity
- Prime investment location
Description:
Coldwell Banker Commercial Realty is pleased to present an exceptional investment and development opportunity located on Brentwood Drive, Daytona Beach, FL 32117. This strategically positioned parcel is zoned MFR-20, allowing for multifamily residential development and offering discerning investors the flexibility to pursue a range of high-yield projects in one of Florida’s most dynamic growth corridors.
The property is ideally situated within the thriving Deltona/Daytona Beach corridor, just minutes from major transportation arteries including N. Nova Road and I-95, ensuring convenient regional connectivity and long-term desirability for residents and investors alike. Its central location provides easy access to employment centers, retail hubs, and coastal recreational amenities that continue to drive migration and housing demand throughout Volusia County.
Current zoning supports the development of approximately 66 multifamily units. Alternatively, investors may consider reengaging with the City of Daytona Beach regarding the previously contemplated site plan for 28 build-to-rent single-family homes an increasingly attractive strategy in today’s rental housing environment. Additionally, there may be potential to explore increased density under Florida’s Live Local Act, presenting further upside through enhanced unit count and long-term cash flow potential.
Market fundamentals remain compelling. Average asking rents in the Daytona Beach area are approximately $1,500 per month, slightly below the metro average of $1,550, creating room for continued growth. Current unit averages reflect approximately:
* Studios: $1,113
* One-Bedrooms: $1,329
* Two-Bedrooms: $1,557
* Three-Bedrooms: $2,081
With an average unit size near 2,625 square feet , the market demonstrates steady absorption and competitive positioning. Forecasts beginning in early 2026 project renewed rent growth momentum, with anticipated annual increases in the 2%–3% range, providing additional forward-looking upside.
Beyond multifamily, the MFR-20 zoning classification permits a broad spectrum of uses by right, including household living, group living, day care, educational facilities, healthcare services, open space, communication infrastructure, utilities, institutional uses, and even motor vehicle sales and service—further expanding strategic optionality for developers and investors.
Demographic trends strengthen the investment case, with projected population growth of 11.6% and a median household income of $41,380, supporting long-term residential demand. The site also benefits from proximity to regional transit connectivity, including SunRail, which operates over 61 miles with 17 stations across Volusia, Seminole, Orange, and Osceola counties, enhancing commuter accessibility and regional mobility.
Taken together, the property’s zoning flexibility, strategic location, strong demographic fundamentals, and multiple executable development pathways position Brentwood Drive as a compelling opportunity for investors seeking to capitalize on the next wave of growth in the Daytona Beach market.
Discover the potential of investing in the vibrant Deltona/Daytona Beach market. Located on Brentwood Drive, this area offers a dynamic combination of residential and commercial opportunities. Enjoy close proximity to the scenic Halifax River and Daytona's famous beaches, drawing residents and visitors alike. The nearby Tanger Outlets provide abundant shopping and entertainment options, while the Daytona International Speedway and Daytona Beach International Airport ensure connectivity and excitement. With a strong rental market and growing demand for multifamily properties, the area presents a compelling opportunity for the savvy investor looking to capitalize on the region's economic growth and appeal.
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