Contacts
Property Details
- Property Type Other
- Lot Size 1.63 Acre
- Additional Rent Contact for pricing
- Date Updated Jan 14, 2025
1.63 Acre MOL Land Offering l DeLand, FL
- Well-located near downtown Deland and walkable to retail shops, restaurants, entertainment and jobs, Putnam Estates offers developers a 1.63 acre development parcel on the old Putnam Estates hotel site with grandfathered density and parking for up to 100 – 120 units
- Incoming developers will benefit from a strong relationship between the Seller and the City of Deland who have been working collaboratively through therecent and unforeseen situation in which the 100-year old historic Putnam hotel became unsafe and needed to be demolished. Prior to that, current ownership had planned to rehab and reposition the Putnam Hotel into a boutique, luxury multifamily community with 72 units and a variety of amenities catering to the ‘Lifestyle’ renter by choice. At the time, the City of Deland was offering a 10-year real estate tax-abatement to incentivize incoming developers to preserve and restore the existing Historic Putnam Hotel building which was built in 1923
- New ownership is afforded a multifaceted approach. Follow the Seller’s plan to rebuild a replica Putnam Hotel type building as a luxury multifamily community targeting a mix of working professionals, empty nesters and potentially students or reposition the asset as an active-adult community targeting a 55+ Baby Boomer clientele or redevelop the property with a mix of both residential and commercial
- The subject property is in a Qualified Opportunity Zone which allows for incoming developers to gain significant tax advantages on previously earned capital gains
Reach out to the broker for more info on lease terms and amenities
Getting around
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Walk Score ®
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Bike Score ®
Location
- City DeLand, FL
- Neighborhood DeLand
- Zip Code 32720
- Market North Central Florida
Points of Interest
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DeLand
2.89 miles
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My Fuel
0.35 miles
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ChargePoint
0.49 miles
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Walmart
1.11 miles
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Sunoco
1.15 miles
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Murphy USA
2.15 miles
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RaceTrac
2.59 miles
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KangarooExpress
2.80 miles
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Nissan
3.11 miles
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Citgo
4.22 miles
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Raceway
4.52 miles
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Hand Art Center Visitor Parking
0.52 miles
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Gillespie Museum Parking
0.53 miles
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DeLand Hall Parking Lot
0.56 miles
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Lot 7 - Conrad Stadium
0.59 miles
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Visitor Parking
0.61 miles
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Tennis/Sands Theatre Overflow Parking
0.61 miles
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Lot 1- Spec Martin / Conrad Stadium
0.61 miles
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Admission Parking
0.65 miles
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Lot 3 - Spec Martin / Conrad Stadium
0.65 miles
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Lot 6 - Game Day
0.66 miles
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Courtyard DeLand Historic Downtown
0.28 miles
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Orange Tree Inn
1.18 miles
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Comfort Inn & Suites
1.87 miles
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Hampton Inn & Suites Deland
1.96 miles
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Chimney Corner Motel
2.40 miles
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Holiday Inn Express & Suites Deland South
2.81 miles
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Tropical Resort & Marina on Lake Beresford
3.15 miles
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Days Inn by Wyndham Orange City/Deland
4.10 miles
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At Home Express Tangerine Inn
4.92 miles
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The Alling House
5.27 miles
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University Food Mart
0.49 miles
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Discount Market
1.01 miles
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Winn-Dixie
1.05 miles
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Walmart Neighborhood Market
1.17 miles
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Bealls Outlet
1.74 miles
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ALDI
1.76 miles
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Publix
1.97 miles
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Walmart Supercenter
2.33 miles
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Big Lots
7.56 miles
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Kohl's
7.71 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.