1.31 Acres Lot
1.31 Acres Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1070432
Year Built 2026
Annual Tax Amount $6,273
Tax Year 2023
Lot Size 1.310 Acres
Acres 1.31
Property Sub-Type Multi Family
Source Space Coast MLS (Space Coast Association of REALTORS®)
Property Description
In addition, the property has been granted a Conditional Land Use approval allowing for the development of an assisted living facility. The previous property owner planned a three-story, 96-bed assisted living facility on the site, but that design would require official city approval.
The City has also indicated a willingness to rezone the property to R-2 (Residential), which would permit development at a density of seven (7) dwelling units per acre. At this density, the 1.31-acre site would support approximately nine (9) units, with the potential to accommodate up to ten (10) townhome lots, subject to final site design and municipal approvals, as illustrated in the attached conceptual site plan. Mediterranean Way is currently developed with townhomes as part of the Fortebello community, providing strong compatibility with a potential residential redevelopment and supporting the feasibility of the proposed rezoning.
Location
State FL
County Brevard
Area 382-Satellite Bch/Indian Harbour Bch
Direction This site is located in Indian Harbour Beach on the north side of Eau Gallie Blvd and is behind the Tropical Smoothie and the Cazadores restaurant.
Interior
Inclusions Land Only
Exterior
Exterior Feature ExteriorFeatures
Parking Features Other
Utilities Available Sewer Available, Water Available
Present Use Unimproved
Garage No
Building
Lot Description Other
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 27-37-13-00-00275.0-0000.00
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Special Listing Condition Corporate Owned
Schools and Properties Nearby
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