Newmark Grubb Knight Frank Named Exclusive Brokers in Sale of Intracoastal Development Site on Halifax River in South Daytona

South Daytona, Fla. --- Newmark Grubb Knight Frank has been named exclusive broker in the sale of a unique 6.2-acre commercial development site on the Halifax River in South Daytona. Mark Eilers, Managing Director at Newmark Grubb Knight Frank, said the riverfront site could be perfect for a luxury condominium, hotel or mixed-use development and the timing is equally good: impact fees for development of the site are discounted 75 percent for the next two years. The site offers 603 feet of Halifax River frontage and PUD zoning that allows development of 372 units, or 60 units per acre. The site’s Mixed Use 1 designation in the City of South Daytona permits residential, commercial, office, lodging or public uses. “There’s also the potential to develop a marina with direct access to the Intracoastal Waterway and the Atlantic Ocean,” Eilers said. Eilers and Associate Jason Archer of Newmark Grubb Knight Frank are leading the marketing assignment for the property.