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$1,495,000
1070430 MLS
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.

201 Mediterranean Way, Indian Harbour Beach

$1,195,000
1069499 MLS
.65-acre fully cleared commercial lot located directly across from the Atlantic Ocean on A1A in Satellite Beach. The property offers strong frontage along one of the most desirable coastal corridors in Brevard County and has the ability to capture ocean views with future development. Zoned commercial with up to 70% maximum impervious coverage, this site allows for a variety of development opportunities. Mixed-use projects are permitted, including multifamily, provided a commercial component is incorporated. The current owner previously had conceptual plans in place, creating a clear path for a developer looking to move forward. Excellent visibility, strong traffic counts, and surrounded by established residential neighborhoods, beach access points, dining, and retail. Conveniently located just 10 minutes to Melbourne Orlando International Airport, 50 minutes to Orlando International Airport, and 15 minutes to Cape Canaveral. Well-positioned commercial site with flexibility, ocean-view potential, and long-term upside.

1740 Highway A1a, Satellite Beach