This property, identified by Brevard County Tax Parcel IDs 24-35-24-00-758 and 24-35-24-00-759, offers a unique investment potential for developers seeking residential units within an Opportunity Zone.
Currently undeveloped, this parcel presents a blank canvas for visionary developers. The property is strategically located with frontage on Range Road North, providing excellent accessibility to Cocoa High School and many national retailers along Clearlake Road.
The site is designated for Low-Density Residential use under Cocoa's Comprehensive Plan, with existing RU-1-7 zoning suitable for single-family residential development. However, the potential to rezone to a Planned Unit Development (PUD) allows for increased density and a mix of housing types, accommodating up to 231 dwelling units.
Investing in this property offers the added benefit of Opportunity Zone tax incentives, making it an attractive proposition for developers and investors looking to capitalize on significant tax breaks while contributing to community growth. Engage in a transformative project that leverages Cocoa’s development potential and strategic location.
Surrounded by residential, commercial, and conservation areas, this property is perfectly poised for a residential community that complements the existing neighborhood fabric.
Ownership has engaged in a preliminary entitlement plan with numerous TH and SF concepts. All engineering and third-party reports are available for review.
Contact us today to explore this exceptional opportunity.