Hotel/Motel Commercial Development Opportunity

Clearlake Road - 1.98 AC Cocoa, FL 32922

Clearlake Road - 1.98 AC, Cocoa, FL, 32922
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FOR SALE
Property Type:
Other Land
Amount:
$525,000
Last Verified:
Dec 03, 2023

Highlights

  • Designated future high-speed rail station directly north at Clearlake Road and State Road 524, pending final TPO approval.
  • 1.98-acre parcel nestled in the middle of a dynamic market with 550,000 Sq Ft. of retail within 1/2 mile.
  • Parcel 2413503 is zoned RU-2-15 a Multiple-Family Dwelling District and the approximately
  • south 100 feet of the parcel is zoned C-N a Neighborhood Commercial District.
  • Zoned Neighborhood Commercial - permitted uses include (but not limited to:) hotel/motel, community center, child care facility, office/financial institutions. art studio, veterinary facility.
  • 332' of frontage on Clearlake (SR 524), 277' deep to the north, 176' deep on the south side.
  • City of Cocoa utilities, electric available, multiple broadband and fiber option available
  • Traffic count: 16,319 AADT
  • Tax ID#:2413503 / RE Taxes: $1729.08
  • Parcel ID: 24-36-17-00-514

Description

Designated future high-speed rail station directly north at Clearlake Road and State Road 524, pending final TPO approval.
1.98-acre parcel nestled in the middle of a dynamic market with 550,000 Sq Ft. of retail within 1/2 mile.
Zoned Neighborhood Commercial - permitted uses include (but not limited to:) hotel/motel, community center, child care facility, office/financial institutions. art studio, veterinary facility. Possible conditional use permit for Multi-Family.
332' of frontage on Clearlake (SR 524), 277' deep to the north, 176' deep on the south side.
City of Cocoa utilities, electric available, multiple broadband and fiber option available
Traffic count: 16,319 AADT
Tax ID#:2413503 / RE Taxes: $1729.08
Parcel ID: 24-36-17-00-514

This 1.98-Acre Subject parcel is located on Clearlake Road (route 501/SR 524), a north-south artery that runs parellel to route 1 and Interstate 95, connecting to SR 528 to the immediate north, allowing easy access to Orlando to the west and the eastern coastline. Notable neighbors include a new Super Walmart and new Big-Box Publix within and half mile and University of Florida - Cocoa Campus to the south. Five miles to the west, the new Walmart Distribution Center has broken ground at the intersection of I-95 and SR 528.

Lot Size: 1.98 acres

Map of Clearlake Road - 1.98 AC, Cocoa, FL, 32922

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

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