Stunning .86 (-/+) acre Wooded Lot with Old Florida Charm
This beautiful property, located on Garden Street, offers dual ingress/egress access points, providing convenient entry and exit. Priced at $185,000, the lot measures approximately 110' deep x 335' wide (+/-), making it a substantial investment opportunity.
Prime Location
Situated with easy access to I-95 and US-1, this property is strategically placed near a Publix-anchored plaza, a variety of quick–service restaurants, medical offices, and retail establishments. It serves as a main thoroughfare to Canaveral National Seashore and the back gate of the Kennedy Space Center, enhancing its appeal for both professional and residential purposes.
Zoning and Development Potential
Zoned as Office Professional (OP), the property is ideal for office condominiums. This unique OP zoning also allows for single-family homes, with the potential to develop up to five homes. Low density commercial use permits lot sizes of 7500 ft.². Prospective buyers should conduct their own due diligence and verification for the possible creation of five lots that meet the minimum lots size requirements, however, consideration must be given to access for the lots, as permitting new lots to back out onto the arterial roadway (Garden Street) is not feasible.
Subdivision
Dividing the parcel into 3-5 lots would follow the DIVISION 4. - SMALL-SCALE PLAT. This provides a structured framework for developing the property to its full potential.
Investment
This property's prime location, and versatile zoning offer a unique opportunity for investors looking to develop office condos, or residential homes. The combination of easy highway access, nearby, amenities, and strategic positioning near key attractions makes it an exceptional investment choice.
*Stunning .86 (-/+) acre Wooded Lot
*Ideal for Office Condos
*Unique OP Zoning also permits single-family homes with the potential of up to five residence. (Buyer responsible for due diligence/verification.)
*Approximately 110’ deep x 335’ wide (+/-)
*Easy access to I-95 and US-1
*Features ingress/egress access points on Garden street
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?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
