US Highway 1 - MULTI-FAMILY Residential - US 1 FRONTAGE! 12.39 Acres of Residential Land Offered at £5,427,216 in Cocoa, FL 32927
INVESTMENT HIGHLIGHTS
- The frontage on U.S. Highway 1 is 568 +/- linear feet and the riverfront frontage totals approximately 370 feet.
EXECUTIVE SUMMARY
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. The property is zoned 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
1 LOT AVAILABLE
Lot
| Price | £5,427,216 |
| Price Per AC | £438,031.97 |
| 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
The maximum 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 approximately 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
PROPERTY TAXES
| Parcel Number | 23-36-19-02-00000.0-0002.15 | Improvements Assessment | £47,006 |
| Land Assessment | £305,839 | Total Assessment | £352,844 |
