8.6 Acres Multi-Family-120 Units

Vacant Land for Sale
Catylist Listing ID: 30269070
Property Subtypes: Multi-Family, Residential (Single Family), Other
Gross Land Area: 8.60 Acres
Sale Price: $1,600,000
Unit Price: $186,046 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/5/2018

Overview / Comments

Zoned R-3 with a future land use of high density residential, this +/- 8.6 acre site has engineering completed for 120 multi-family units. Allowable density is currently 15 units per acre. Other available documents include a site plan, Phase 1 environmental, Topos and habitat surveys. There are two parcels in this sale and an additional 7 acre parcel to the West is available for additional units. The property is just West of the La Cita Golf & Country Club and East of the Royal Oak Golf Course.
The seller will consider a JV or Seller Financing.

Attachments & Media

Additional Details

Nearest MSA: Palm Bay-Melbourne-Titusville
County: Brevard
Tax ID/APN: 22-35-16-00-21, 22-35-16-00-5
Zoning: R-3 IN THE CITY OF TITUSVILLE- MULTI-FAMILY 15 UNITS PER ACRE

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,850 36,980 55,643
Median Age: 46.51 43.62 45.38
Households: 3,918 16,016 24,117
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