Space Coast Florida 5.61+ AC- with 527+-ft of Prime US 1 Road Frontage -C2 Commercial and R2 residential

Description:

Introducing an exceptional opportunity to acquire a prime mixed-use property located in the heart of Space Coast Florida. This expansive 5.61+ acre parcel boasts an impressive 527+- feet of road frontage along the highly trafficked US Highway 1, making it an ideal location for a variety of commercial and residential developments. The property is strategically situated on the east side of US 1, providing excellent visibility and accessibility to both local and traveling clientele. With a sale price of $897,600.00, this property offers significant potential for investors and developers alike.

The zoning designation for this property enhances its appeal, as the first 200 feet of depth is zoned C2 commercial, allowing for a wide range of business opportunities. This commercial zoning supports various uses, including retail, offices, restaurants, and more, making it a versatile option for businesses looking to establish a presence in a bustling area. The remaining balance of the property is zoned R-2 residential, which opens the door for potential residential development, providing an excellent opportunity to create a mixed-use community that caters to both commercial and residential needs.

Located in a rapidly growing region, this property benefits from its proximity to major thoroughfares, local amenities, and a diverse customer base. The Space Coast area is known for its strong economic drivers, including aerospace, technology, and tourism, contributing to a vibrant community with a demand for both commercial services and housing. The combination of prime road frontage and favorable zoning makes this property a rare find in a competitive market, poised for substantial appreciation as the area continues to develop.

In summary, the Space Coast Florida 5.61+ AC property with 527+- feet of prime US 1 road frontage represents a unique investment opportunity. With its advantageous C2 commercial and R-2 residential zoning, this property is perfectly positioned for a variety of development options. Whether you are looking to expand your commercial portfolio or develop a residential community, this site offers the ideal location and potential for success in one of Florida's most dynamic regions. Don't miss out on the chance to capitalize on this exceptional property

The west side of US 1 in Rockledge, Florida, is poised for significant transformation as the area anticipates multi-use development. Located just west of Interstate 95 (I-95), this region is strategically positioned within the commercial heart of Rockledge. With US 1 serving as a major thoroughfare, it provides convenient access to both local businesses and nearby attractions. The recent annexation of properties by the city in 2022 and 2023 has further expanded the potential for growth and development in this vibrant area.

Rockledge is the first city established in Brevard County, Florida, and it boasts a rich history and a prime location. The city is conveniently situated near Orlando and several picturesque beach communities, making it an attractive destination for both residents and visitors. The Indian River borders Rockledge to the east, offering scenic waterfront views and recreational opportunities. To the south lies Viera, Brevard County’s newest community, which complements Rockledge's appeal as a thriving urban center. The area is also home to popular shopping destinations, including Rockledge Square, Rockledge Crossing, and Village Green Shopping Center, providing residents with a variety of retail options and dining experiences.

The Rockledge Community Redevelopment District plays a crucial role in the area's development, encompassing approximately 2,794 acres divided into four sub-districts. This district includes six commercial centers and various outparcels located along Fiske Boulevard and Barnes Boulevard. Established to address the challenges facing the city's commercial and retail core, the redevelopment efforts aim to revitalize the area and enhance its economic viability. The Redevelopment Mixed Use (RMU) Zoning Designation further supports this vision by allowing for diverse uses, higher densities, taller buildings, and an increased Floor-Area-Ratio (FAR).

Additionally, the U.S. Highway 1 Redevelopment Sub-District encompasses the stretch of US 1 that runs through the center of Rockledge. Recent improvements, including the U.S. 1 Expansion and Beautification Project, have enhanced the roadway and stormwater management while introducing landscaping, lighting, and wider sidewalks. Although US 1 has a storied history as a major route connecting the northern and southern ends of Florida, it now offers a more leisurely driving experience through Rockledge. Travelers can expect a slower-paced journey, allowing them to enjoy the city’s greens and quaint shops, making it an ideal route for those seeking a relaxing drive through this charming community. With its rich blend of commercial opportunities and residential appeal, the west side of US 1 is set to become a vibrant hub for development in Rockledge.