DAYTONA BEACH — Consolidated-Tomoka Land. Co has bought a half interest in a vacant six-acre oceanfront parcel on South Atlantic Avenue here just south of International Speedway Boulevard.
The Daytona Beach-based real estate investment and development company paid about $5.7 million for the 50 percent ownership share, according to John Albright, Consolidated-Tomoka’s president and CEO.
“It’s an attractive beach site with terrific potential,” Albright said. “We’ll reposition the property and see what’s the highest and best use is and market it”