8955 Puerto Del Rio DR, Cape Canaveral, FL 32920
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William Gartin

William Gartin

+1(305) 842-6097
$8,250,000
Est. payment /mo
7.5 Acres Lot
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Key Details

Property Type Vacant Land

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Puerto Del Rio Condo Ph 1C

MLS Listing ID B26035752

HOA Y/N Yes

Annual Tax Amount $202

Tax Year 2025

Lot Size 7.500 Acres

Acres 7.5

Property Sub-Type Commercial

Property Description

MULTI-FAMILY INFILL OPPORTUNTY 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. Positioned near 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.

Location

State FL

County Brevard

Community Puerto Del Rio Condo Ph 1C

Area 6371 Brevard County (E Of Indian River)

Direction From Cape Canaveral, travel south on N Atlantic Avenue (A1A), then head west onto W Central Boulevard toward N Banana River Drive. Continue south on N Banana River Drive, and the waterfront development will be located along the riverfront corridor.

Exterior

Pool Association, Community

Community Features Fitness, Home Owners Association, Sidewalks, Pool

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

Amenities Available Fitness Center, Pool, Security, Storage, Trail(s)

Waterfront Description Other,River Front

View Y/N Yes

View Intercoastal, River, Water

Street Surface Paved

Private Pool Yes

Building

Lot Description 5-10 Acres

Sewer Not Connected (at lot), Public Sewer, Other

Water Public

Others

HOA Fee Include Common Area Maintenance,Parking,Pool(s),Recreation Facilities,Reserve Fund,Sewer,Security,Trash,Water

Senior Community No

Restrictions Zoning Restrictions

Tax ID 2437150000259q

Acceptable Financing Cash, Conventional, Owner May Carry

Listing Terms Cash, Conventional, Owner May Carry

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by One Sotheby's Int'l Realty

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William Gartin

William Gartin

+1(305) 842-6097

Agent | License ID: 3422133

Agent License ID: 3422133

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