3 Acre Atlantic Ave Land Sale – Ormond Beach

Posted by admin on September 19, 2017 under by Tim Davis, News Releases | Be the First to Comment

9/19/17

The 3 Acre parcel of land at 680 S. Atlantic Ave has sold. The Seller was Wells Fargo Bank, and the Buyer was MMC Florida, a hospitality and retail developer. The site is located in Ormond Beach just south of Cardinal Blvd, and has been vacant for a decade. Failed development plans led to the bankruptcy of Ocean Waters Management in 2008. This represents the last parcel of land that Wachovia(later Wells Fargo) foreclosed on from Ocean Waters and Bray & Gillespie.

The buyer plans to develop retail uses on the site with plans forthcoming. Tim Davis of SVN Alliance Commercial Real Estate represented the Buyer in the transaction. Continental represented the Seller, Wells Fargo Bank.

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