201 Mediterranean way - Residential LAND FOR SALE


Indian Harbour Beach, FL 32937 57,064 SF
$1,495,000 USD
321-266-9200
201 Mediterranean way, Indian Harbour Beach, FL for Sale
$1,495,000 USD
Residential LAND - FOR SALE
1/7
57,064 SF

201 Mediterranean way
Indian Harbour Beach, FL 32937


HIGHLIGHTS

  • B-1 zoning permits commercial, retail, professional or restaurants
  • Conditional Land Use variance in place allowing assisted living facility
  • City has indicated a willingness to rezone to R-2 which allows up to 7 units per acres of multi family

OVERVIEW

The subject property consists of a 1.31-acre parcel located in the City of Indian Harbour Beach and is currently zoned B-1 (General Commercial). Permitted uses under this zoning designation include retail, restaurant, professional office, religious facilities, and other commercial uses. In addition, the property has been granted a Conditional Land Use approval allowing for the development of an assisted living facility. The previous property owner planned a three-story, 96-bed assisted living facility on the site, but that design would require official city approval. The City has also indicated a willingness to rezone the property to R-2 (Residential), which would permit development at a density of seven (7) dwelling units per acre. At this density, the 1.31-acre site would support approximately nine (9) units, with the potential to accommodate up to ten (10) townhome lots, subject to final site design and municipal approvals, as illustrated in the attached conceptual site plan. Mediterranean Way is currently developed with townhomes as part of the Fortebello community, providing strong compatibility with a potential residential redevelopment and supporting the feasibility of the proposed rezoning.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/ACRE

$1,141,221/AC

PRICE/SF

$26 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Commercial, ALF or Multi Family Land

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family

LAND ACRES

1.31 AC

LAND SF

57,064 SF

OFFSITE IMPROVEMENTS

-

ZONING

B-1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Adam RathbunSouth Trend Realty Inc.More Info
321-266-9200

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Adam RathbunSouth Trend Realty Inc.More Info
321-266-9200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.