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River-Facing Redevelopment Land
For Sale
$717,895

161 S Shepard Drive, Cocoa Beach, FL 32931

Secluded river-facing land near the Atlantic Ocean, within the Gateway Redevelopment District with multifamily and commercial-use zoning.

Property SizeContact for details
Days on Market585

Property Features for 161 S Shepard Drive

General Information

Standard status Active
Property subtype Lots/Land

Taxes and HOA fees

Annual Taxes $2,467
Listing Agency: Keller Williams Realty Brevard
Listed By: Jason Hawi · License #3473621
Source: Exitrealty
Added: Jan 2, 2025 Changed: Aug 8 Last Checked: Jul 16 at 6:22PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Brevard

Investment Insights

Based on property information with market context.

This is a for-sale land opportunity in Cocoa Beach, described as secluded while still close to everything. The property is near river-facing homes and within walking distance to the Atlantic Ocean.

The site is located in the Gateway Redevelopment District. The listed zoning allows for multifamily dwelling, professional business, bed & breakfast establishment, stores and services, pet care facility without boarding, tattoo studio, and drive-through facility.

With multiple permitted-use categories, the property can support a range of redevelopment concepts depending on the intended development and site plan requirements.

Key Highlights

  • Secluded river‑facing land near Cocoa Beach
  • Walking distance to the Atlantic Ocean
  • Located in the Gateway Redevelopment District

Property Analytics

Current Use

Waterfront Land

Suggested Use

Top Pick Law Firm Big Box & Wholesale Store Kitchen & Bath Showroom Building Supply Auto Parts Store Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

405
Businesses Nearby

Demographics for 32931, FL

13,643
Population
10,763
Households
1.3
Avg Household Size
60
Median Age
52%
College-Educated
97%
High-School Grad
5.2 sq mi
ZIP Area
2,624
Density / Sq Mi
$84,769
Median Household Income
$51,769
Median Earnings
$1,533
Median Rent
$478,300
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Waterfront Land - Secluded river-facing land near the Atlantic Ocean, within the Gateway Redevelopment District with multifamily and commercial-use zoning.
Where is this waterfront land located?
The property is located at 161 S Shepard Drive Cocoa Beach, FL.
What is the asking price?
The asking price for this property is $717,895.
What are key features of this property?
This property features: Secluded river‑facing land near Cocoa Beach; Walking distance to the Atlantic Ocean; Located in the Gateway Redevelopment District
More about this property
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