Steamboat Landing

Description:

This exceptional 165-unit property is zoned for BMU and medical use, making it an ideal location for a senior housing or Assisted Living Facility (ALF). The site boasts stunning waterfront views along the Indian River, providing a picturesque backdrop for potential developments.

Envision a vibrant waterfront hotel complemented by a banquet hall and conference rooms, creating a hub for both leisure and business activities. The property offers unlimited possibilities for commercial, retail, and food service buildouts, catering to a diverse range of needs.

With a height restriction of 10 stories, there are city-granted exceptions allowing for structures up to 120 feet, providing flexibility for innovative design. The property features over 200 available parking spaces, ensuring convenience for residents and visitors alike.

As the only waterfront access location in Palm Bay, this property presents a unique opportunity to capitalize on the growing demand for quality senior living facilities and commercial ventures in a prime waterfront setting. Don’t miss the chance to be part of this thriving community!

Gateway Medical Properties LLC offers a prime investment opportunity with a versatile 5,000 sq. ft. retail space, complete with flexible lease options. This strategically located property is designed to accommodate a variety of businesses, making it an ideal choice for investors looking to tap into the thriving commercial and medical sectors. The property benefits from direct access to major highways, ensuring excellent visibility and foot traffic, while the existing traffic light and signal enhance accessibility for customers and patients alike.

In addition to the retail space, the property features commercial and medical spaces, with the potential for condo units above. This mixed-use development allows for a vibrant community hub that serves both retail and medical needs, appealing to a diverse range of tenants. The unlimited commercial, doctor's office, and retail use zoning provides ample opportunities for creative business ventures, ensuring the property remains relevant and in demand within the community.

Currently generating leased income, Gateway Medical Properties LLC provides immediate financial benefits to investors. This existing income stream adds value to the property and offers a solid return on investment, making it an attractive option for those seeking a reliable income-generating asset. Furthermore, the BMU zoning allows for the development of up to 40 residential units, presenting additional avenues for growth and expansion in a market that increasingly demands housing.

In summary, Gateway Medical Properties LLC combines retail, commercial, and medical space in a highly accessible location, making it a prime investment opportunity. With its flexible lease options, existing income generation, and potential for residential development, this property is well-positioned for future success in a growing market. Don’t miss the chance to invest in this dynamic community and capitalize on the wealth of opportunities that Gateway Medical Properties LLC has to offer.

This superior waterfront property in Brevard County, Florida, offers an impressive 165 units available for development, making it an exceptional investment opportunity. With BMU zoning, the property is well-suited for a variety of uses, including residential, commercial, and mixed-use developments. The region is poised for significant growth, with a projected population increase to 707,113 residents by 2024-25. This growing demographic is supported by a robust GDP growth rate of 4.7% for the county, outpacing the national average of 2.2%.

Furthermore, the area boasts a household income of $57,318, reflecting a 3.9% growth rate, indicating a healthy economic environment for potential residents and businesses. The combination of these key statistics highlights the strong demand for quality housing and commercial space in Brevard County, making this waterfront property a prime opportunity for investors looking to capitalize on the region's growth and economic potential.

The land value for this superior waterfront property is estimated at $45,000 per unit, totaling an impressive $7,425,000 for the 165 available units. This valuation reflects the prime location and the potential for diverse development opportunities within the property. Notably, the property qualifies for unlimited commercial, retail, and food service venues, making it an attractive option for investors looking to establish a vibrant community hub.

In addition to residential units, the property can accommodate waterfront restaurants, a marina, and a Tiki Bar, enhancing its appeal as a destination for both residents and visitors. This flexibility in usage not only increases the potential return on investment but also positions the property as a key player in the growing market of Brevard County. With its strategic location and diverse development possibilities, this waterfront property presents a compelling opportunity for savvy investors.

Discover the vibrant business opportunities that Palm Bay, FL has to offer. The area boasts a strategic location with easy access to major transportation routes, attracting a diverse range of businesses seeking convenience and connectivity. Nearby, the Hammock Landing shopping center provides an array of dining and retail options, while the Turkey Creek Sanctuary offers a tranquil escape for nature enthusiasts. With a growing population and a strong local economy, the area presents an exciting prospect for office building investors looking to establish a presence in a dynamic and thriving community.