ORMOND BEACH 2.5 ACRE LOT.THIS BEAUTIFUL COUNTRY LOT CAN ALSO BE SUBDIVIDED INTO TWO 1 ACRE PARCELS WHICH WOULD ALLOW FOR 1 HORSE PER ACRE-COWS-AND OR AGRICULTURAL/ FARMING.IF A STRUCTURE IS CONNECTED TO CITY WATER, THE SR DISTRICT ALLOWS 1 UNIT PER ACRE, WITH MINIMUM LOT FRONTAGE OF 100'.IF STRUCTURE IS NOT CONNECTED, THEN THE PARCEL SIZE REQUIRED IS 2 ACRES.THERE IS ALSO A 10 YEAR LEASE WITH ''THE LAMAR COMPANIES'' DATED DECEMBER 20TH,2006. BASE RENT FIRST 5 YRS is $2500 OR 20% WHICH EVER IS GREATER,YR 6 THRU 10= $3000 OR 20% WHICH EVER IS GREATER. THIS IS FOR BILLBOARD FACING I-95. THIS IS EXTRA INCOME WHICH IS JUST ANOTHER PLUS! GREAT PROPERTY IN A GREAT LOCATION.ALL INFORMATION IS DEEMED ACCURATE BUT NOT WARRANTED.
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