EXCELLENT INVESTMENT OPPORTUNITY to hold or own 8.5+ acres in a very desirable area. 288 x 1, 340. Zoned R-7 (up to 20 units per acre) Urban Multifamily Residential. High and Dry. No wetlands here. You can build up to 45 feet high! Site approved for Apartments, Assisted Living facility, Daycare Center, Governmental Subsidized Housing, Nursing Home or Townhomes. Site already has retention pond and St. John's Water management permit in place. Located 1 block right off 17-92 with traffic light controlled intersection. Close to downtown Deland, Stetson University, plenty of shopping, schools and churches and I-4.