MULTI-FAMILY Residential - US 1 FRONTAGE!

Highlights

• This 12.39-acre parcel is comprised of seven (7) contiguous land parcels, spanning from US 1 on the west side to the Indian River on the east. Cottrell Avenue is the access street to the north and Route 1 to the west.
• The frontage on U.S. Highway 1 is 568 +/- linear feet and the riverfront frontage totals approximately 370 feet.
• This parcel is located in an identified Opportunity Zone
• These zones are designed to spur economic development
• and job creation in communities throughout the country by
• providing tax benefits to investors who invest eligible capital
• into these communities. Taxpayers may defer tax on eligible
• capital gains by making an appropriate investment in a
• Qualified Opportunity Fund and meeting other
• requirements. For further information on Opportunity
• Zones, please visit https://www.cdfifund.gov/Pages/
• Opportunity-Zones.aspx
• Zoning: RU-2-12 Brevard County - this is a medium-density multiple-family residential zoning classifications encompass lands devoted to medium-density multifamily residential purposes. Allowed uses include but are not limited to: Multifamily dwellings, Duplexes, Resort dwellings, Single-family attached dwellings, in accordance with the development standards in the single-family attached residential zoning classifications, Single family dwellings up to the allowable density limitation of the zoning classification, Parks and public recreational facilities, Private golf courses, Foster homes.
• Maxiumum building height is 35 feet and density is 5 dwellings per acre.
• City of Cocoa Water available. The property is currently on septic. The Port St. John sewer system can be annexed north of the FPL Frontenac Power Plant, which is approximatley 2,000 feet to the north. A lift station will be necessary for annexation.
• Parcel ID: 23-36-19-02-*-2.15 / 23-36-19-02-*-2.32 / 23-36-19-02-*-2.46 / 23-36-19-02-*-2.45 / 23-36-19-02-*-2.44 / 23-36-19-02-*-2.43 / 23-36-19-02-*-2.42
• Tax ID: 2316101, 2316113, 2322867, 2322868, 2322869, 2322870, 2322871
• Traffic Count on US Highway 1 daily: 29,170
• Tourism and surrounding employers have a significant impact to Traffic Counts throughout Brevard County.
• In the general vicinity, employers include Boeing, United Launch Alliance, USA, Lockheed Martin/Astrotech,
• Orbital ATK, Embraer Aero Seating Technologies, Eckler Corporation, Knight Armament, Bristow
• Academy, and Space Coast Regional Airport. Also impacting the area around Kennedy Space Center are
• Blue Origin, and One Web and Boeing rival companies for manned space flight, SpaceX and Sierra
• Nevada Corp.
• KENNEDY SPACE CENTER EMPLOYMENT: Including contractors and NASA personnel is estimated at
• 9,000 employees.
• KENNEDY SPACE CENTER VISITORS INFORMATION CENTER:
• Delaware North Companies Parks & Resorts has been under contract with NASA since 1995 to operate
• the visitor complex. The KSC Visitor Complex drew approximately 1.7 million visitors in 2016 to this
• location.
• THE SPACE COAST REGIONAL AIRPORT currently has a 7,320 Ft. runway, an ILS Approach, a new Tower,
• a new Fire Station and a new Airport Administration Facility (approximately 9,000 Sq. Ft.) THE SPACE
• COAST REGIONAL AIRPORT was recently designated as a SPACEPORT TERRITORY.
• VALLIANT AIR COMMAND AND MUSEUM at the Space Coast Regional Airport has an annual attendance
• between 28,000 to 35,000 people. Valiant Air Command and Museum host an annual Warbird Air Show
• that has an attendance from 60,000 to 80,000 people. This annual event has taken place over the last
• 35 years and occurs every March for three days.
• AMERICAN POLICE HALL OF FAME:
• The current museum is considered the largest of its kind in the country and includes a memorial to more
• than 8,000 police officers who have died in the line of duty since 1960, as well as a 24-lane indoor gun
• range. The facility is open daily and attracts more than 50,000 visitors annually.
• The Hyatt Place Hotel is set to break ground in October 2018 and set to open in Fall of 2019.
• ECO-TOURISM: There are Multiple Annual Events throughout North Brevard.
• HYATT PLACE HOTEL: Construction of this 118-room Hyatt Place Hotel will commence in October of 2018 and expected to be completed in Fall of 2019. The Hyatt will be the closest lodging to the Space Center and will include a launch viewing lounge for a spectacular view launch enthusiasts.

Description

This 12.39-acre parcel is comprised of seven (7) contiguous land parcels, spanning from US 1 on the west side to the Indian River on the east. Cottrell Avenue is the access street to the north.
Zoning: RU-2-12 Brevard County - this is a medium-density multiple-family residential zoning classifications encompass lands devoted to medium-density multifamily residential purposes. Allowed uses include but are not limited to: Multifamily dwellings, Duplexes, Resort dwellings, Single-family attached dwellings, in accordance with the development standards in the single-family attached residential zoning classifications, Single family dwellings up to the allowable density limitation of the zoning classification, Parks and public recreational facilities, Private golf courses, Foster homes.
Maxiumum building height is 25 feet and density is 5 dwellings per acre.
City of Cocoa Water available. The property is currently on septic. The Port St. John sewer system can be annexed north of the FPL Frontenac Power Plant, which is approximatley 2,000 feet to the north. A lift station will be necessary for annexation.
The frontage on U.S. Highway 1 is 568 +/- linear feet and the riverfront frontage totals approximatley 370 feet
This parcel is located in an identified Opportunity Zone
These zones are designed to spur economic development
and job creation in communities throughout the country by
providing tax benefits to investors who invest eligible capital
into these communities. Taxpayers may defer tax on eligible
capital gains by making an appropriate investment in a
Qualified Opportunity Fund and meeting other
requirements. For further information on Opportunity
Zones, please visit https://www.cdfifund.gov/Pages/
Opportunity-Zones.aspx

The piece is located on the east side of US Highway 1, directly across the street from the Space Coast Frontenac Flea Market. The piece contains approximately 570 feet of direct US 1 frontage, as well as direct Indian River frontage totaling approximately 370+/- feet. The site is easily accessible to I-95 at Port St. John Parkway, State Road 528 and Route 1 is a major north-south corridor through the entire county along the river. Driving distance to major air travel is also convenient, with a drive distance of 40 miles to the Orlando International Airport, 46 miles to the Sanford/Orlando Airport and just 28 mies south to the Melbourne/Orlando International Airport. Local attractions include Kennedy Space Center (11 miles), the American Police Hall of Fame (5 miles) and Cape Canaveral and local beaches and ports of call (14 miles).

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