000 S Highway 1

Malabar, FL, 32950

$7,000,000

$7,000,000
Active
Active
 - For Sale
property_type
Commercial
Fantastic Redevelopment Opportunity, Directly on US1, with River Views! Currently being used as a mobile home park, value is in the land! Easy access to the Beaches & Downtown Melbourne. FLU is High Density Residential. Highest & best use would be to apply for rezoning and land use change to R-M6 Multiple Family HDR which allows for 6 units per acre, 3 stories and 35' tall. Contains small riparian area along HWY US-1 with fishing pier. The riparian area is considered coastal preserves and only permits residential use.
MLS® ID:
933235
Listed:
4/24/22
Updated:
8/10/22
Compass
Carpenter | Kessel Real Estate

Exterior/Building Features

Lot Size
8.75 acres lot

Other Property Details

Area Name
342 - Malabar/Grant-Valkaria
Taxes
$16894.4
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Brevard
Utilities
Septic, City Water Available
Pool
No

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All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Carpenter | Kessel Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2022 FL - MLS of South Brevard & the Space Coast Association of REALTORS (SPACE). All rights reserved.

Compass
Carpenter | Kessel Real Estate
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