PROPERTY DETAILS

Brick Road Mitigation Bank

-/+ 2,945 Acres - Flagler County, Florida
Active

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Sarah Hall
Tel: (404) 261-9575
Fax: (404) 261-9574
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Property Overview

Tract Name:
Brick Road Mitigation Bank
Status:
Active
Price:
$7,100,000
Acreage:
-/+ 2,945
State:
Florida
County:
Flagler County
Longitude:
W82° 32' 9.7''
Latitude:
N27° 45' 24.4''

Property Description

The Brick Road Mitigation Bank is currently one of Florida’s best opportunities to invest in a fully authorized mitigation bank in one of the hottest development markets in the U.S. It consists of 2,945 acres located in northern Flagler County, Florida – south of CR 204 and West of Old Dixie Highway. Old Dixie Highway is also known as the Historic Old Brick Road and borders the property along the eastern boundary. This is one of the few portions of the Old Dixie Highway left in Florida with the original brick. In 2005, it was added to the U.S. National Register of Historic Places.

Fully approved as a Freshwater Wetland Mitigation by the St. Johns River Water Management District and the U.S. Army Corps of Engineers, the Brick Road Mitigation Bank is authorized for a total of 512 Wetland Credits with a current retail value of $18,000,000. This wetland mitigation bank can sell credits to offset wetland impacts on public or private development projects in Flagler, St. Johns, Volusia, and Putnam Counties.

Conservation Easements attached to mitigation banks typically allow for ongoing forestry operations as well as the use of the property for recreational enjoyment. The easement agreement on Brick Road Mitigation Bank allows for the continuation of these traditional uses, with some modification, on Phases A and B. Phases C and D are not currently encumbered with a conservation easement and have no restrictions on forest operations or hunting.