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    1568 Highway A1A Satellite Beach, FL 32937

    For Sale
    $2,250,000

    Prime Satellite Beach development site. Ocean views, high demand.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 49,658 square foot commercial lot, situated on Highway A1A in Satellite Beach, Florida (zip code 32937), presents a remarkable investment opportunity. Priced at $2,250,000 ($45.31/SF), this 1.14-acre parcel is one of only three vacant lots remaining on this prestigious stretch of A1A, offering unparalleled ocean views. The property is zoned C - Commercial District and is entitled for up to 16,000 square feet of mixed-use development, with flexible commercial and residential options. Development plans suggest approximately 8,500 square feet of commercial space and 5-6 residential condos (1,800-2,000 square feet each). Parking ratios are estimated at 1:300 for commercial and 1:1 for residential. This location benefits from strong neighboring businesses and is designated a Live Local Act site. The property's prime location is further enhanced by the significant economic growth in the area, driven by the expansion of aerospace and defense industries, including STARCOM HQ and DEL 10 nearby, as well as major corporations like Amazon Kuiper, SpaceX, Blue Origin, Lockheed, and Boeing. The projected increase in space launches (111 this year, with projections of 1,000 annually by 2030) fuels substantial investment, high-paying jobs, and increased housing demand for military and aerospace personnel. Below-grade infrastructure may be considered.

    Property Features for 1568 Highway A1A

    General Information

    Property type
    Land

    HighLights

    • Exceptional 1.14‑acre commercial lot (49,658 SF) on A1A in Satellite Beach, FL (32937), priced at $2,250,000 ($45.31/SF).
    • One of three remaining vacant lots on this prestigious A1A location with unparalleled ocean views.
    • C‑Commercial zoning allows up to 16,000 SF of mixed‑use development (approx. 8,500 SF commercial, 5‑6 residential condos).
    • Live Local Act site with strong neighboring businesses, benefiting from significant area economic growth driven by aerospace and defense industries.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Satellite Beach
    County
    Brevard
    State
    Florida
    Longitude
    -80.5887117
    Latitude
    28.1662046

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    FAQs

    What type of property is this?
    Land - Prime Satellite Beach development site. Ocean views, high demand.
    Where is this land located?
    The property is located at 1568 Highway A1A Satellite Beach, FL.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: Exceptional 1.14-acre commercial lot (49,658 SF) on A1A in Satellite Beach, FL (32937), priced at $2,250,000 ($45.31/SF).; One of three remaining vacant lots on this prestigious A1A location with unparalleled ocean views.; C-Commercial zoning allows up to 16,000 SF of mixed-use development (approx. 8,500 SF commercial, 5-6 residential condos).
    (321) 300-4773
    Request Owner's contact information
    1568 Highway A1A Satellite Beach, FL 32937
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    Satellite Beach, FL 32937
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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
    1568 Highway A1A Satellite Beach, FL 32937
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