6 AC Space Coast Multifamily Site

South Street Titusville, FL 32780

South Street, Titusville, FL, 32780
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FOR SALE
Property Type:
Multifamily Land
Amount:
$899,000
Last Verified:
Jun 07, 2024

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Highlights

  • 6 Acres Multifamily Development in emerging Space Coast Region
  • Zoned R-3 High Intensity for 15 units per acre (90 Units)
  • Property Survey and CAD file are available upon request
  • East of I-95, near the State Road 50 Interchange, in a high-traffic corridor close to retail, restaurants, and downtown Titusville.
  • Proximity to NASA Kennedy Space Center and Cape Canaveral, SpaceX, and Space Force Launch Pads and Aerospace Related Industries.
  • Parcel is high and dry with no known wetlands
  • In a housing-constrained sub-market with high demand, suitable for apartments, townhomes, or single-family residential
  • Prime opportunity for developers to leverage current demand and area growth

Description

Lee & Associates is pleased to introduce a 6 Acre Multi-Family Development opportunity located in Titusville amid Florida's world renowned and booming Space Coast. The property includes a 6 acre parcel situated with several hundred feet of frontage along South Street just north of Fox Lake Road. The property is zoned R-3 High Intensity, allowing for the development of 15 residential units per acre, presenting a remarkable opportunity for a developer to build up to 90 new apartment units and capitalize on the current high demand for housing in this emerging submarket. Property Survey and CAD file are available upon request.

The site is exceptionally positioned near two main thoroughfares in the City of Titusville, just north of the I-95 Exit at Cheney Hwy. The property benefits from the immediate area's many major retail stores, dining, and shopping options including a Walmart Supercenter, Home Depot, Publix Grocery, Starbucks, Cracker Barrel, Denny's and more. The area not only features a wealth of retail and services but also provides direct access to prominent employers and destinations such as Kennedy Space Center, Port Canaveral, and the area's pristine beaches, offering opportunities in the booming aerospace, aviation, and space-related industries.

Located within the City of Titusville, just north of the I-95 exit at Cheney Hwy, the property benefits from the immediate area's many major retail stores, dining, and shopping options. Additionally, it is only a short drive from downtown Titusville and U.S. 1 to the east, and provides convenient access to the Kennedy Space Center, Port Canaveral, and nearby beaches.

Lot Size: 6.0 acres


Documents

Lee SFL Brochure - 6 AC Space Coast Land

Map of South Street, Titusville, FL, 32780

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?

"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.