2100 US-1 Malabar, FL 32950

This property features a senior housing campus with approximately 283 units. The maximum zoning density of 343 units allows for the potential development of over 70 independent living units or 55+ condominiums. The site, with parcel ID 29-38-05-00-502 and tax ID 2953285, had a tax amount of $10,110 in 2017. A recommended Phase One unit mix includes 40 independent living units (51 beds), 75 assisted living units (100 beds), and 20 memory care units (25 beds). A mirror building is recommended for Phase II. Unit sizes range from 250 square feet and up, with no maximum size per unit. The approved plan includes retail amenities, a clubhouse, and a pool. The property includes approximately 1.14 acres of deep water access frontage (1,000’ x 50’) and an approximately 19.09-acre future development site with approximately 1,023’ of frontage along Highway 1. Located primarily on the west side of 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 Airport is an hour commute via I-95.