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    260 Cape Shores Cir Cape Canaveral, FL 32920

    For Sale
    $4,500,000

    Beachfront land, high-income area, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 3.58-acre commercial land parcel, located at 260 Cape Shores Circle in Cape Canaveral, Florida (zip code 32920), presents a remarkable investment opportunity. The property boasts a substantial 155,945 square feet of land, offering two street accesses and prime beachfront location. Its strategic position at the start of a high per-capita income area in Brevard County ensures strong potential for future development. Currently zoned for residential-related amenities (R3 zoning allows for 15 units per acre, totaling approximately 53.7 units), this site is ideal for a variety of projects, including the construction of up to 50 income-producing condominiums or single-family homes. The property's unique configuration, described as a flag lot 50 feet wide on Holman Street extending to a rectangular lot behind Aerial Adventure, adds to its appeal. Surrounded by established businesses and residential properties, this land offers a blend of tranquility and accessibility. The asking price is $4,500,000. This combination of prime location, zoning potential, and attractive price point makes this a rare and compelling investment opportunity.

    Property Features for 260 Cape Shores Cir

    General Information

    Property type
    Land

    HighLights

    • 3.58‑acre commercial land parcel in Cape Canaveral, FL (32920).
    • 155,945 square feet with two street accesses and beachfront location.
    • R3 zoning allows for approximately 53.7 residential units (up to 50 condos/homes).
    • Prime location at the start of a high per‑capita income area in Brevard County.
    • Asking price: $4,500,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cape Canaveral
    County
    Brevard
    State
    Florida
    Longitude
    -80.6064229
    Latitude
    28.3763118

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    FAQs

    What type of property is this?
    Land - Beachfront land, high-income area, development potential.
    Where is this land located?
    The property is located at 260 Cape Shores Cir Cape Canaveral, FL.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: 3.58-acre commercial land parcel in Cape Canaveral, FL (32920).; 155,945 square feet with two street accesses and beachfront location.; R3 zoning allows for approximately 53.7 residential units (up to 50 condos/homes).
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    Cape Canaveral, FL 32920
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    260 Cape Shores Cir Cape Canaveral, FL 32920
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