- For Sale $4,000,000
- Property Type VacantLand
- Lot Size 19.09 Acre
- Date Updated Apr 17, 2025
Located primarily on west side US Highway in Brevard County, FL. The site is situated just south of Malabar Road, a major East-West artery with direct access to Interstate 95, as the closet interchange is 5 miles to the west. The shopping area along Palm Bay Road is 5 minutes to the north, while it is a 15 minute commute to the Melbourne Square Mall and downtown areas. Valkaria Airport is 5 miles to the south, Melbourne/Orlando International Airport is 15 minutes to the north and Orlando International Aiport is an hour commute via I-95.• Zoned and permitted for ± 283 Unit Senior Housing Campus
• Maximum zoning density of 343 units allows for additional development of 70+
units of IL or 55+ condominiums
• Parcel ID: 29-38-05-00-502
• Tax ID: 2953285 / $10,110 - 2017
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Highlights
- Zoned and permitted ± 283 Unit Senior Housing Campus
- • Recommended Phase One Unit Mix:
- 40 Independent Living Units (51 beds)
- 75 Assisted Living Units (100 beds)
- 20 Memory Care Units (25 beds)
- • Mirror building recommended for Phase II
- • Maximum zoning density of 343 units allows for
- additional development of 70+ units of IL or 55+
- condominiums
- • Unit sizes range from 250 SF and up with no maximum size
- per unit
- • Conceptual site plan includes retail amenities, clubhouse &
- pool
- • ± 1.14 Acre deep water access frontage (1,000’ x 50’)
- • ± 19.09 Acre Future Development Site
- • ± 1,023’ of Frontage along Highway 1
- • Mixed Use- Residential, Multi-Family (6 units per acre), ACLF, Memory Care
False
Contacts
Location
Getting Around
-
Walk Score ®
31/100
Car-Dependent
-
Bike Score ®
38/100
Somewhat Bikeable
Powered by Walk Score ®
- City Malabar, FL
- Zip Code 32950
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Contact Listing Broker
Dreyer & Associates