(Multiple) Puerto Del Rio DR, Cape Canaveral, FL 32920
(Multiple) Puerto Del Rio DR, Cape Canaveral, FL 32920
(Multiple) Puerto Del Rio DR, Cape Canaveral, FL 32920
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$8,500,000
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55,000 SqFt
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(Multiple) Puerto Del Rio DR Cape Canaveral, FL 32920

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Carey Murray

Carey Murray

+1(561) 287-2791

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 55,000 sqft

Price per Sqft $154

Subdivision Puerto Del Rio Condo Ph 1A

MLS Listing ID 1079947

HOA Y/N Yes

Total Fin. Sqft 55000

Annual Tax Amount $202

Tax Year 2025

Lot Size 7.500 Acres

Acres 7.5

Property Sub-Type Multi Family

Source Space Coast MLS (Space Coast Association of REALTORS®)

Land Area 55000

Property Description

MULTI-FAMILY INFILL OPPORTUNTY of 112 UNITS. Positioned within the Economic Overlay District of Cape Canaveral, the subject property represents a fully entitled ±7.5-acre multifamily development opportunity consisting of seven approved mid-rise residential pads. Each development pad encompasses approximately ±1 acre or greater and is approved for a four-story multifamily structure to a maximum building height of 45 feet. Current entitlements allow for 16 residential units per building, totaling 112 approved multifamily units across the site. All horizontal infrastructure improvements are in place, including paved roadways, municipal water, sanitary sewer, electrical service, drainage, and utility connectivity, allowing for immediate vertical development execution. Strategically positioned adjacent to the final undeveloped waterfront corridor within Cape Canaveral and neighboring the Banana River, the asset is surrounded by an established coastal residential and hospitality corridor comprised of condominium communities, hotels, mixed-use assets, and multifamily developments. The project benefits from exceptional regional connectivity and a highly desirable coastal backdrop highlighted by world-famous Port Canaveral, the Intracoastal Waterway, and the Atlantic Ocean beaches, positioning the development within one of Central Florida's most supply-constrained and rapidly appreciating waterfront submarkets. DEVELOPMENT SITES ARE SHOVEL READY.

Location

State FL

County Brevard

Area 271 - Cape Canaveral

Direction From Cape Canaveral, travel south on North Atlantic Avenue (A1A), then head west onto West Central Boulevard toward North Banana River Drive. Continue south on North Banana River Drive, and the waterfront development of Puerto Del Rio will be located along the riverfront corridor, offering convenient access to Port Canaveral, Cocoa Beach, and the greater Space Coast market.

Body of Water Banana River

Interior

Cooling Central Building

Inclusions Land Only

Exterior

Exterior Feature ExteriorFeatures

Parking Features Assigned, Garage, Secured

Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected

Amenities Available Boat Dock, Clubhouse, Dog Park, Fitness Center, Jogging Path, Maintenance Grounds, Management - Full Time, Park, Security, Storage, Other

Waterfront Description River Access,Intracoastal

Present Use Multi-Family,Residential

Road Frontage City Street

Garage No

Building

Lot Description Cul-De-Sac, Other

Sewer Public Sewer

Water Public

Others

Senior Community No

Tax ID 23-36-25-25-E-18

Security Features 24 Hour Security

Acceptable Financing Cash, Conventional, Owner May Carry, Private Financing Available

Listing Terms Cash, Conventional, Owner May Carry, Private Financing Available

Special Listing Condition Standard

Virtual Tour https://www.virtualtourcafe.com/mls/10007453

Space Coast Association of Realtors (Brevard MLS)
Listed by One Sotheby's International

NEARBY SCHOOL & BUSINESS

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Carey Murray

Carey Murray

Broker Associate | License ID: BK488352

+1(561) 287-2791

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(Multiple) Puerto Del Rio DR