Price: $2,250,000
1568 Highway A1ASatellite Beach, FL 32937
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Property Description:
''They aren't making land anymore.''One of only three vacant lots on A1A, this rare, developable 1.14-acre parcel on Hwy A1A in Satellite Beach offers a unique opportunity for a mixed-use project. Entitled for up to 16, 000 SF with flexible commercial/residential use.Development SpecsSite Area: 1.14 acresMax FAR: 0.7Recommended: 16, 000 SF mixed-useCommercial: +/-8, 500 SFResidential: 5-6 condos (1, 800-2, 000 SF each)Parking: 1:300 commercial, 1:1 residentialInvestment DriversLive Local Act siteStrong neighboring usesPrime A1A location, below-grade infrastructure may be consideredMarket DynamicsAerospace & Defense Expansion111 launches this year, projected 1, 000 annually by 2030. STARCOM HQ and DEL 10 nearby.Corporate GrowthAmazon Kuiper, SpaceX, Blue Origin, Lockheed, Boeing, and more expanding, boosting demand.Economic ImpactBillions in new investment, high-paying jobs, and housing demand for military and aerospace personnel.
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Property Details
Subdivision:
None
Tax Amount:
$10,500
HOA Dues:
$0.00
1568 Highway A1A Satellite Beach, FL 32937
This listing is courtesy of Reach Commercial Real Estate.
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