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    Fl-405 Titusville, FL 32780

    For Sale
    $8,500,000

    19.58 Acres, Prime Commercial Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 19.58-acre commercial land parcel is strategically located at the northeast corner of Columbia Blvd (SR 405) and Grissom Parkway in Titusville, Brevard County, Florida, zip code 32780. Boasting a high-traffic count of 23,000 trips daily, this site benefits from its position at a signalized intersection connecting I-95 to US 1, ensuring high visibility and accessibility. The property is zoned COR-2 (Community Commercial with High Intensity Commercial), allowing for a wide range of commercial uses, including multi-family residential development under the Live Local Act (Senate Bill 102), permitting up to 15 units per acre and three stories. This presents a unique opportunity for high-density development. The area is experiencing significant growth, with nearby developments such as KB Homes Verona Village (1,118 homes planned and under construction) further enhancing the property's value. Proximity to major employers like Port Canaveral, Kennedy Space Center, SpaceX, and Harris Communications, along with convenient access to Space Coast beaches, the Banana River Aquatic Preserve, and Pine Island Conservation Area, adds to its appeal. Furthermore, the site enjoys easy access to shopping and dining amenities, including a Walmart Super Center, Target, ALDI, The Home Depot, and Lowe's, all located within minutes. City of Titusville utilities are available. The parcel ID is 22-35-34-00-515 & 22-35-34-00-515.1. The asking price is $8,500,000.

    Property Features for 0 Fl-405

    General Information

    Property type
    Land
    Lot Size
    852,905 SF

    HighLights

    • $8,500,000 asking price for 19.58 acres of commercial land.
    • Located at the northeast corner of Columbia Blvd (SR 405) & Grissom Pkwy in Titusville, Brevard County, Florida. High traffic count (23,000 trips per FDOT).
    • COR‑2 zoning; allows for high‑intensity commercial development, including multi‑family residential under the Live Local Act (SB 102), with potential density up to 15 units per acre and three stories.
    • Excellent location near I‑95, US 1, Port Canaveral, Kennedy Space Center, SpaceX, Harris Communications, and numerous retail amenities. Adjacent to a large new residential development (1,118 homes).
    • Parcel IDs: 22‑35‑34‑00‑515 & 22‑35‑34‑00‑515.1. City of Titusville utilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Titusville
    County
    Brevard
    State
    Florida
    Longitude
    -80.8374511
    Latitude
    28.5513417

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    FAQs

    What type of property is this?
    Land - 19.58 Acres, Prime Commercial Location
    Where is this land located?
    The property is located at Fl-405 Titusville, FL.
    What is the asking price?
    The asking price for this property is $8,500,000.
    What are key features of this property?
    This property features: $8,500,000 asking price for 19.58 acres of commercial land.; Located at the northeast corner of Columbia Blvd (SR 405) & Grissom Pkwy in Titusville, Brevard County, Florida. High traffic count (23,000 trips per FDOT).; COR-2 zoning; allows for high-intensity commercial development, including multi-family residential under the Live Local Act (SB 102), with potential density up to 15 units per acre and three stories.
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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.

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    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
    Fl-405 Titusville, FL 32780
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