General Commercial Development
For Sale
$1,495,000
201 Mediterranean Way, Indian Harbour Beach, FL 32937
1.31-acre parcel zoned B-1 with conditional approval for an assisted living facility and potential rezoning to R-2.
Property Size57,064 SF
Lot Size1.31 Acres
Price / SF$26.20
Days on Market182
Property Features for 201 Mediterranean Way
General Information
Standard status
Active
Size
57,064 SF
Lot size
1.31 Acres
Property subtype
Land / Unimproved Land
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$6,274
Listing Agency:
SouthTrend Realty
(321) 266-9200
Listed By:
Adam Rathbun · License #601973
(321) 266-9200
Source:
Compass
Added: Feb 8
Changed: Aug 8
Last Checked: Mar 25 at 12:11PM
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 SouthTrend Realty
Investment Insights
Based on property information with market context.
The property is a 1.31-acre development parcel in the City of Indian Harbour Beach, zoned B-1 (General Commercial). The B-1 zoning permits a range of commercial uses including retail, restaurant, professional office, religious facilities, and other commercial uses. In addition, the property has been granted a Conditional Land Use approval allowing development of an assisted living facility.
The prior owner planned a three-story, 96-bed assisted living facility, with the understanding that the design would require official city approval. The City has also indicated willingness to rezone the property to R-2 (Residential), which would allow development at a density of seven (7) dwelling units per acre. At that 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 reflected in the attached conceptual site plan.
The prior owner planned a three-story, 96-bed assisted living facility, with the understanding that the design would require official city approval. The City has also indicated willingness to rezone the property to R-2 (Residential), which would allow development at a density of seven (7) dwelling units per acre. At that 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 reflected in the attached conceptual site plan.
Key Highlights
- 1.31‑acre parcel in City of Indian Harbour Beach zoned B‑1 (General Commercial)
- B‑1 permitted uses include retail, restaurant, professional office, religious facilities, and other commercial uses
- Conditional Land Use approval granted for development of an assisted living facility
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
Explore this area
Business Placement
Demographics for 32937, FL
27,306
Population
13,619
Households
2
Avg Household Size
50
Median Age
53%
College-Educated
99%
High-School Grad
6.8 sq mi
ZIP Area
4,016
Density / Sq Mi
$98,411
Median Household Income
$55,420
Median Earnings
$1,718
Median Rent
$421,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 1.31-acre parcel zoned B-1 with conditional approval for an assisted living facility and potential rezoning to R-2.
Where is this commercial land located?
The property is located at 201 Mediterranean Way Indian Harbour Beach, FL.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 1.31‑acre parcel in City of Indian Harbour Beach zoned B‑1 (General Commercial); B‑1 permitted uses include retail, restaurant, professional office, religious facilities, and other commercial uses; Conditional Land Use approval granted for development of an assisted living facility
