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US Highway 1 - MULTI-FAMILY Residential - US 1 FRONTAGE!

12.39 Acres of Residential Land Offered at £5,688,072 in Cocoa, FL 32927

Executive Summary

This 12.39-acre parcel is comprised of seven (7) contiguous land parcels, spanning from
US 1 on the west side to the Indian River on the east. Cottrell Avenue is the access street
to the north and Route 1 to the west.
• The frontage on U.S. Highway 1 is 568 +/- linear feet and the riverfront frontage totals
approximately 370 feet.
• Zoning: RU-2-10 - this is a medium-density multiple-family residential zoning
classifications encompass lands devoted to medium-density multifamily
residential purposes. Allowed uses include but are not limited to: Multifamily
dwellings, Duplexes, Resort dwellings, Single-family attached dwellings, in
accordance with the development standards in the single-family attached
residential zoning classifications, Single family dwellings up to the allowable
density limitation of the zoning classification, Parks and public recreational
facilities, Private golf courses, Foster homes.

Property Facts

Price £5,688,072
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 12.39 AC
Cross Streets Cottrell Avenue
Opportunity Zone Yes

1 Lot Available

Lot

Price £5,688,072
Price Per AC £459,086
Lot Size 12.39 AC

The piece is located on the east side of US Highway 1, directly across the street from the Space Coast Frontenac Flea Market. The piece contains approximately 570 feet of direct US 1 frontage, as well as direct Indian River frontage totaling 370+/-ft

Description

Maxiumum building height is 35 feet high and density is 10 dwellings per acre. • City of Cocoa Water available. The property is currently on septic. The Port St. John sewer system can be annexed north of the FPL Frontenac Power Plant, which is approximatley 2,000 feet to the north. A lift station will be necessary for annexation. • Tourism and surrounding employers have a significant impact to Traffic Counts throughout Brevard County. In the general vicinity, employers include Boeing, United Launch Alliance, USA, Lockheed Martin/Astrotech,Orbital ATK, Embraer Aero Seating Technologies, Eckler Corporation, Knight Armament, Bristow Academy, and Space Coast Regional Airport. Also impacting the area around Kennedy Space Center are Blue Origin, and One Web and Boeing rival companies for manned space flight, SpaceX and Sierra Nevada Corp. • Parcel ID: 23-36-19-02-*-2.15 / 23-36-19-02-*-2.32 / 23-36-19-02-*-2.46 / 23-36-19-02-*-2.45 / 23-36-19-02-*-2.44 / 23-36-19-02-*-2.43 / 23-36-19-02-*-2.42 • Tax ID: 2316101, 2316113, 2322867, 2322868, 2322869, 2322870, 2322871

  • Listing ID: 15044249

  • Date on Market: 01/02/2019

  • Last Updated:

  • Address: US Highway 1, Cocoa, FL 32927

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