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US Highway 1 - MULTI-FAMILY Residential - US 1 FRONTAGE!
12.39 Acres of Residential Land Offered at $7,200,000 in Cocoa, FL 32927
Executive Summary
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 | $7,200,000 | Property Subtype | Residential |
| Sale Type | Investment | Total Lot Size | 12.39 AC |
| No. Lots | 1 | Cross Streets | Cottrell Avenue |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $7,200,000 |
| 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 | $7,200,000 | Lot Size | 12.39 AC |
| Price Per AC | $581,114 |
| Price | $7,200,000 |
| Price Per AC | $581,114 |
| 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
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Michael Dreyer CCIM, ALC -
Dreyer & Associates Real Estate Group
Presented by
US Highway 1 - MULTI-FAMILY Residential - US 1 FRONTAGE!
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