OPPORTUNITY ZONE DEVELOPMENT PARCEL IN COCOA
19.28 Acres of Residential Land Offered at $2,500,000 USD in Cocoa, FL 32926
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,500,000
- Property Type
-
Land
Listing Contacts
Brad Kuskin
Verified Profile
- Property Info
Property Overview
Property Overview:
Location: Cocoa, Florida
Size: 19.28 acres (two parcels, each 9.64 acres)
Identification: Brevard County Tax Parcel IDs 24-35-24-00-758 and 24-35-24-00-759
Current Condition: Undeveloped, dense vegetation and wetlands
Frontage: Range Road North, a collector road
Flood Zones: Majority in Flood Zone X (moderate risk), small portion in Flood Zone AE (high risk)
Utilities: Not currently served by City water or sewer
Council District: Located in Cocoa City Council District 3
Zoning and Land Use:
Future Land Use (FLU): Low Density Residential
Zoning: RU-1-7, Single-Family Residential
Development Potential:
Maximum density of 7 Dwelling Units Per Acre (du/ac)
Up to 12 du/ac as part of a planned residential development
Potential for up to 134 dwelling units with current zoning
Up to 231 dwelling units if developed as a planned residential development
Development Opportunities:
Potential Uses: Residential, Institutional, Open Space/Recreational
Current Zoning Allowances: Single-family residential development
Rezoning Possibility:
Can accommodate Single Family or Attached Residential Development.
To accommodate townhouses, the property needs rezoning
Engineers Recommend rezoning to Planned Unit Development (PUD) for increased density and mixed housing types
Surrounding Area:
North: Low Density Residential & Commercial (PUD & C-N)
South: Low Density Residential (RU-1-7)
East: Commercial & Medium Density Residential (RU-2-15)
West: Conservation (RU-1-7)
Investment Highlights:
Opportunity Zone: Located in a designated Opportunity Zone offering potential tax benefits for investors
Prime Location: Situated in a rapidly developing area with easy access to major roads
Flexible Development Potential: Suitable for various residential developments with possible rezoning to PUD for higher density and diverse housing options
Capture Dynamic Market: The parcel is ideally suited for fee-simple sales, traditional rental units, or a Built-to-Rent community.
Location: Cocoa, Florida
Size: 19.28 acres (two parcels, each 9.64 acres)
Identification: Brevard County Tax Parcel IDs 24-35-24-00-758 and 24-35-24-00-759
Current Condition: Undeveloped, dense vegetation and wetlands
Frontage: Range Road North, a collector road
Flood Zones: Majority in Flood Zone X (moderate risk), small portion in Flood Zone AE (high risk)
Utilities: Not currently served by City water or sewer
Council District: Located in Cocoa City Council District 3
Zoning and Land Use:
Future Land Use (FLU): Low Density Residential
Zoning: RU-1-7, Single-Family Residential
Development Potential:
Maximum density of 7 Dwelling Units Per Acre (du/ac)
Up to 12 du/ac as part of a planned residential development
Potential for up to 134 dwelling units with current zoning
Up to 231 dwelling units if developed as a planned residential development
Development Opportunities:
Potential Uses: Residential, Institutional, Open Space/Recreational
Current Zoning Allowances: Single-family residential development
Rezoning Possibility:
Can accommodate Single Family or Attached Residential Development.
To accommodate townhouses, the property needs rezoning
Engineers Recommend rezoning to Planned Unit Development (PUD) for increased density and mixed housing types
Surrounding Area:
North: Low Density Residential & Commercial (PUD & C-N)
South: Low Density Residential (RU-1-7)
East: Commercial & Medium Density Residential (RU-2-15)
West: Conservation (RU-1-7)
Investment Highlights:
Opportunity Zone: Located in a designated Opportunity Zone offering potential tax benefits for investors
Prime Location: Situated in a rapidly developing area with easy access to major roads
Flexible Development Potential: Suitable for various residential developments with possible rezoning to PUD for higher density and diverse housing options
Capture Dynamic Market: The parcel is ideally suited for fee-simple sales, traditional rental units, or a Built-to-Rent community.
Property Details
- Property Subtype
- Residential/Multifamily
Highlights
- Located in a designated Opportunity Zone offering potential tax benefits for investors
- Maximum density of 7 Dwelling Units Per Acre (du/ac)
- Delivered with 3rd Party Reports, Concept Designs, etc.
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