STREAMBOAT LANDING - Gateway Medical Property

Description:

Introducing Steamboat Landing a remarkable investment opportunity that offers a 175-unit
development strategically located in Palm Bay, Florida, featuring Business Mixed-Use (BMU) and
medical zoning. This property is perfectly suited for a senior housing or Assisted Living Facility
(ALF), offering a safe and nurturing environment for residents. With its unique zoning, the site
allows for an extensive range of commercial, retail, and food service buildouts, ensuring a
vibrant community hub that caters to both residents and visitors alike.
The property boasts an impressive waterfront location along the Indian River, encompassing an
entire half-mile of scenic shoreline. This exceptional setting not only enhances the aesthetic
appeal but also provides residents with stunning views and recreational opportunities. The
development includes a waterfront hotel, a spacious banquet hall, and versatile conference
rooms, making it ideal for hosting events, meetings, and gatherings. The property is designed to
foster a sense of community, combining residential living with accessible amenities.
With a height restriction of 10 stories and city-granted exceptions allowing for development up
to 110 feet, there is significant potential for vertical expansion, maximizing the use of this prime
waterfront location. The property features over 200 parking spaces, ensuring convenient access
for residents, guests, and customers. As the only waterfront access location in Palm Bay, this
property stands out in a rapidly growing market, with projections indicating a growth rate of
707,113 residents by 2024-2025. The area's strong economic indicators, including a 4.7% GDP
growth rate and a household income of $57,318, further enhance the investment potential.
In addition to Steamboat Landing, The Gateway Medical Property offers 5,000 square feet of
retail space with flexible lease options, catering to a diverse range of commercial and medical
needs. This property features commercial and medical spaces with the potential for
condominium options above, making it a versatile investment. With major highway access and
an existing traffic light, visibility and accessibility are optimized for businesses. The BMU zoning
allows for unlimited commercial, doctor's office, and retail use, while also permitting up to 40
additional residential units. Currently generating leased income, this property is positioned for
future growth and success in a thriving community.
Note: Full Due Diligence package available apply request with signing of a non-disclosure
agreement
Note: All Brokers must be paid by their clients
Property Video: https://vimeo.com/ccvideoproductions/review/981560423/792cb43832

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