“They aren’t making land anymore.”

Description

“They aren’t making land anymore.”

1 of 3 vacant lots left on A1A. A rare, developable 1.14 parcel on Hwy. A1A is an exceptional opportunity to develop a mixed-use project in Satellite Beach. Entitled for up to 16,000 SF with flexible commercial/residential.

Development Specifications
- Site Area: 1.14 acres
- Maximum FAR: 0.7
- Recommendation: 16,000 SF mixed-use
- Commercial Space: ±8,500 SF Commercial
- Residential: 5-6 luxury condominiums (1,800-2,000 SF each)
- Parking ratio efficiency: 1:300 commercial, 1:1 residential

Key Investment Driver
- Live Local Act qualified site
- Strong neighboring uses, including retail and residential
- Below-grade infrastructure would be entertained by city
- Prime A1A location with proven market fundamentals

Critical Market Dynamics

Aerospace & Defense Expansion
- 111 rocket launches projected this year, with roughly 1000 annually by year 2030.
- U.S. Space Force selected Space Coast for STARCOM HQ and DEL 10

Major corporate expansions creating immediate demand:
- Amazon Project Kuiper
- Dassault Falcon
- SpaceX expansion
- EVE (Embraer spinoff) HQ
- Blue Origin growth
- Space Perspective (space taxi rides)
- Lockheed Martin growth
- Boeing growth
- Northrop Grumman growth
- Leonardo DRS growth

Economic Impact
* Billions in new capital investment flowing into the region
* Thousands of new jobs with average wages exceeding $80,000
* Military families and aerospace personnel seeking quality housing and amenities
* Strong retention initiatives for military and civilian workforce

Situated on Highway A1A, the primary coastal corridor
Protected conservation land across A1A, view will never be obstructed
Direct ocean access within walking distance
Adjacent to established retail and residential developments

Located in Satellite Beach, between Cocoa Beach and Melbourne Beach
±20 minutes to Melbourne Orlando International Airport
±25 minutes to Kennedy Space Center
±15 minutes to Patrick Space Force Base
±10 minutes to downtown Indialantic
±15 minutes to downtown Melbourne

Documents