818 Florida A1A Satellite Beach, FL 32937

Listing Agency The Jaffe Group m***@jafferealestate.com Show Phone

Listed by Michael Jaffe · License #357342

Source Crexi

Added: Jan 24, 2024 Checked: Jul 16 at 10:36 am

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Investment Insights

Based on property information with market context.

Located at the northwest corner of A1A and Shearwater Parkway in Satellite Beach, Florida, on Florida’s Space Coast, this site is directly across the street from Hightower Beach Park & Preserve, ensuring permanent views. The site has a binding site plan and zoning approvals for a 222-room hotel with a height of 85 feet. The site has been filled 18 inches above the crown of the road, and water and sewer have been stubbed to the site. A stormwater permit is in place for an interconnected offsite system. The concept plan has been configured to develop a 4-star hotel. There is a significant demand for an upscale hotel in this beachside market.

Key Highlights

• Directly across from Hightower Beach Park & Preserve, ensuring permanent, unobstructed views.
• Zoning approvals and binding site plan in place for a 222‑room hotel.
• Located at a prime corner location: NW Corner of A1A & Shearwater Parkway, Satellite Beach, Florida.

Property Analytics

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FAQs

What type of property is this?

Commercial land - Development site approved for a 222-room hotel with ocean views.

Where is this commercial land located?

The property is located at 818 Florida A1A Satellite Beach, FL.

What is the asking price?

The asking price for this property is $10,000,000.

What are key features of this property?

This property features: Directly across from Hightower Beach Park & Preserve, ensuring permanent, unobstructed views.; Zoning approvals and binding site plan in place for a 222‑room hotel.; Located at a prime corner location: NW Corner of A1A & Shearwater Parkway, Satellite Beach, Florida.