2930 Kirkland Road Northeast - STREAMBOAT LANDING - Gateway Medical Property

Streamboat Landing 165-Unit Development - Featuring a total of 165 units, ideal for a senior housing or Assisted Living Facility (ALF) setup. Zoning - Located in an area with Business Mixed-Use (BMU) and medical zoning, providing exibility for various development options. Amenities - Includes a waterfront hotel, spacious banquet hall, and versatile conference rooms, perfect for events and gatherings. Commercial Opportunities - Unlimited potential for commercial, retail, and food services buildout, catering to residents and visitors alike. Height Restrictions - Standard 10-story height restriction in place, with city-granted exceptions allowing for development up to 120 feet. Prime Waterfront - Location Situated on an entire 1/2 mile of waterfront and shoreline along the Indian River, oering stunning views and recreational opportunities. Parking Facilities - Over 200 parking spaces available, ensuring ample access for residents, guests, and visitors. Exclusive Access - The only waterfront access location in Palm Bay, Florida, making it a unique investment opportunity in a rapidly growing area. Key Statistics 165 Units Available - This development features a total of 165 units, providing ample housing options for residents in a desirable location. BMU Zoning - The property is zoned for Business Mixed-Use (BMU), allowing for a diverse range of commercial and residential applications, enhancing its investment potential. Superior Waterfront Property - Located in Brevard County, Florida, this property boasts a prime waterfront setting, oering stunning views and recreational opportunities along the shoreline. Projected Growth Rate - The area is expected to experience signicant growth, with a projected population of 707,113 residents by 2024-2025, indicating strong demand for housing and services. Robust GDP Growth - Brevard County's GDP growth rate is projected at 4.7%, outpacing the national average of 2.2%, demonstrating a thriving local economy. Strong Household Income - The average household income in the area is $57,318, reecting a 3.9% growth, which supports consumer spending and enhances the market viability for residential and commercial developments. The Gateway Medical Property 5,000 sq. ft. Retail Space - Ideal for a variety of businesses looking to establish a presence in a thriving area. Commercial and Medical Space - Designed with the potential for condominium options above, providing additional residential opportunities and enhancing the property's value. Major Highway Access - Strategically located with easy access to major highways, ensuring high visibility and convenience for customers and clients. Existing Trac Light and Signal - Enhances accessibility and safety, making it easier for patrons to enter and exit the property. Unlimited Use Potential - The property is zoned for unlimited commercial, doctor’s oce, and retail use, catering to a diverse range of business needs. Leased Income Generation - Currently generating leased income, providing immediate cash ow for investors. BMU Zoning - Allows for the development of up to 40 additional residential units, adding further investment potential and accommodating community growth. Land Value and Pricing Resident Space Value - Each unit is valued at $45,000, leading to a total resident space value of $7,425,000 for all 165 units in the development. Investment Potential - This valuation provides a solid foundation for potential investors, illustrating the nancial viability of the residential component of the property. Versatile Development Opportunities - The property qualies for unlimited commercial, retail, and food service venues, allowing for diverse business applications and maximizing revenue potential. Waterfront Amenities - The site is ideal for the establishment of waterfront restaurants, a marina, and a Tiki Bar, enhancing its appeal as a destination for both residents and visitors.