000 S Highway 1, Malabar, FL 32950 (MLS# 933235)


$7,000,000
000 S Highway 1
Malabar, FL 32950
MLS# 933235



000 S Highway 1, Malabar, FL 32950
  1 / 9  
000 S Highway 1, Malabar, FL 32950 000 S Highway 1, Malabar, FL 32950 000 S Highway 1, Malabar, FL 32950 000 S Highway 1, Malabar, FL 32950 000 S Highway 1, Malabar, FL 32950 000 S Highway 1, Malabar, FL 32950 000 S Highway 1, Malabar, FL 32950 000 S Highway 1, Malabar, FL 32950 000 S Highway 1, Malabar, FL 32950

Property Description
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.

Details
Maps
Contract Information
Res Sub-Type: Commercial
Property Status: Standard
List Price: $7,000,000
List Price/Acres: 800000
Current Price: $7,000,000
Listing Date: 2022-04-25
Status: Active
Location, Tax & Legal
Tax Acct: 000000
Tax ID: 000000
Taxes: 16894.4
Tax Year: 2021
Street #: 000
Street Dir: S
Street Name: Highway 1
County: Brevard
State/Province: FL
Zip Code: 32950
Area: 342 - Malabar/Grant-Valkaria
General County Loc: South
Subdivision/Condo Name: None
General Property Description
Acreage: 8.75
Lot SqFt: 381150
Front Faces: E
Property Use: 28 / MANUF. HOUSING PARK - 51 TO 100 SPACES RENTAL
Remarks & Misc
Legal Desc: PART OF GOVT LOT 1 SEC 5 & GOVT LOT 2 SEC 6 AS DES IN ORB 2272 PG 1147 EX HWY R/W PAR 15
Legal/Misc
Gated Community: No
55+ Community: No
Land Use
Future Land Use Zoning: RM-6
Property Features
Land Use: Mfgd Home Park
Current Adjacent Use: Multi-Family
Utilities: City Water Available; Septic; Other
Frontage Description: US Highway
Possible Financing: Cash; Conventional; 1031 Exchange
Possession: Closing

Listing Office: Waterman Real Estate Inc.

Last Updated: May - 05 - 2022

000 S Highway 1, Malabar, FL 32950 - MLS# 933235
The listing broker’s offer of compensation is made only to participants of Space Coast MLS as well as Florida Realtors® MLS Advantage Participants.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Brevard County, Florida. Real estate listings held by brokerage firms other than the website owner are marked with detailed information about them including the name of the listing broker. Copyright 2020 Space Coast Association of REALTORS, Inc. All rights reserved.