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    Unknown Titusville, FL 32780

    For Sale
    $3,000,000

    High-density residential potential, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 5,471,571.6 square foot property in Titusville, Florida, presents a unique investment opportunity. Located across from Swan Lake Subd on S R 405, the land is zoned R-3 (High Density Residential) by the City of Titusville, allowing for the development of up to 192 residential units, subject to developer plans and approvals. While a significant portion consists of wetlands, approximately 10-12 acres of uplands are situated along the highway, providing a buildable area. This mixed-use property, classified as Land, Hospitality, and Multifamily, offers significant potential for a variety of development projects. The property's location provides convenient access to SR 405 and is situated in Brevard County, Florida, zip code 32780. Virtually all utilities are readily available within the right-of-way, simplifying infrastructure development. The asking price for this expansive property is $3,000,000. This presents a compelling opportunity for developers seeking a large-scale project with high-density residential potential in a desirable Florida location. The property's unique blend of wetlands and uplands offers a diverse canvas for creative development strategies.

    Property Features for 0 Unknown

    General Information

    Property type
    Multifamily properties
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    Titusville
    County
    Brevard
    State
    Florida
    Longitude
    -80.8211696
    Latitude
    28.5370519

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    FAQs

    What type of property is this?
    Multifamily property - High-density residential potential, prime location.
    Where is this multifamily property located?
    The property is located at Unknown Titusville, FL.
    What is the asking price?
    The asking price for this property is $3,000,000.
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    Unknown Titusville, FL 32780
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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
    Unknown Titusville, FL 32780
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