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1444 Range Rd - OPPORTUNITY ZONE DEVELOPMENT PARCEL IN COCOA
19.28 Acres of Residential Land Offered at $2,500,000 in Cocoa, FL 32926
Investment Highlights
- Located in a designated Opportunity Zone offering potential tax benefits for investors
- Delivered with 3rd Party Reports, Concept Designs, etc.
- Maximum density of 7 Dwelling Units Per Acre (du/ac)
Executive Summary
Currently undeveloped, this parcel presents a blank canvas for visionary developers. The property is strategically located with frontage on Range Road North, providing excellent accessibility to Cocoa High School and many national retailers along Clearlake Road.
The site is designated for Low-Density Residential use under Cocoa's Comprehensive Plan, with existing RU-1-7 zoning suitable for single-family residential development. However, the potential to rezone to a Planned Unit Development (PUD) allows for increased density and a mix of housing types, accommodating up to 231 dwelling units.
Investing in this property offers the added benefit of Opportunity Zone tax incentives, making it an attractive proposition for developers and investors looking to capitalize on significant tax breaks while contributing to community growth. Engage in a transformative project that leverages Cocoa’s development potential and strategic location.
Surrounded by residential, commercial, and conservation areas, this property is perfectly poised for a residential community that complements the existing neighborhood fabric.
Ownership has engaged in a preliminary entitlement plan with numerous TH and SF concepts. All engineering and third-party reports are available for review.
Contact us today to explore this exceptional opportunity.
Property Facts Under Contract
| Price | $2,500,000 | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Total Lot Size | 19.28 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land |
| Price | $2,500,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 19.28 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $2,500,000 | Lot Size | 19.28 AC |
| Price Per AC | $129,668.05 |
| Price | $2,500,000 |
| Price Per AC | $129,668.05 |
| Lot Size | 19.28 AC |
Discover a prime development opportunity in Cocoa, Florida, with this expansive 19.28-acre parcel, ideally situated within an Opportunity Zone.
Description
Property Overview: Location: Cocoa, Florida Size: 19.28 acres (two parcels, each 9.64 acres) Identification: Brevard County Tax Parcel IDs 24-35-24-00-758 and 24-35-24-00-759 Current Condition: Undeveloped, dense vegetation and wetlands Frontage: Range Road North, a collector road Flood Zones: Majority in Flood Zone X (moderate risk), small portion in Flood Zone AE (high risk) Utilities: Not currently served by City water or sewer Council District: Located in Cocoa City Council District 3 Zoning and Land Use: Future Land Use (FLU): Low Density Residential Zoning: RU-1-7, Single-Family Residential Development Potential: Maximum density of 7 Dwelling Units Per Acre (du/ac) Up to 12 du/ac as part of a planned residential development Potential for up to 134 dwelling units with current zoning Up to 231 dwelling units if developed as a planned residential development Development Opportunities: Potential Uses: Residential, Institutional, Open Space/Recreational Current Zoning Allowances: Single-family residential development Rezoning Possibility: Can accommodate Single Family or Attached Residential Development. To accommodate townhouses, the property needs rezoning Engineers Recommend rezoning to Planned Unit Development (PUD) for increased density and mixed housing types Surrounding Area: North: Low Density Residential & Commercial (PUD & C-N) South: Low Density Residential (RU-1-7) East: Commercial & Medium Density Residential (RU-2-15) West: Conservation (RU-1-7) Investment Highlights: Opportunity Zone: Located in a designated Opportunity Zone offering potential tax benefits for investors Prime Location: Situated in a rapidly developing area with easy access to major roads Flexible Development Potential: Suitable for various residential developments with possible rezoning to PUD for higher density and diverse housing options Capture Dynamic Market: The parcel is ideally suited for fee-simple sales, traditional rental units, or a Built-to-Rent community.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $175,200 | Total Assessment | $175,200 |
PROPERTY TAXES
zoning
| Zoning Code | RU-1-7 (RU-1-7, Single-Family Residential) |
| RU-1-7 (RU-1-7, Single-Family Residential) |
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1444 Range Rd - OPPORTUNITY ZONE DEVELOPMENT PARCEL IN COCOA
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