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    1925 Park Ave Titusville, FL 32780

    For Sale
    $4,350,000

    17.3 Acres, Entitled, Shovel-Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 17.3-acre commercial land parcel in Titusville, Florida, presents a remarkable opportunity for multifamily development. Located at 1925 S Park Ave, Titusville, FL 32780 (APN 22-35-09-00-509), this property is zoned R3 and boasts a comprehensive plan amendment already in place, significantly streamlining the development process. A preliminary site plan has been approved, reflecting strong community and city support. The site is essentially shovel-ready following final site plan approval and permitting. The property features a cleared site with existing fill dirt and approximately 6 acres of retention already in place. This significantly reduces upfront development costs and accelerates the timeline to construction. The asking price for this prime development opportunity is $4,350,000. This is a 196-unit multifamily development site, poised for immediate action and significant returns. The property's location within Titusville offers excellent access to amenities and infrastructure, making it an ideal location for a thriving multifamily community.

    Property Features for 1925 Park Ave

    General Information

    Property type
    Land
    Lot Size
    753,588 SF

    HighLights

    • 17.3‑acre commercial land parcel in Titusville, FL, ideal for multifamily development.
    • Located at 1925 S Park Ave, Titusville, FL 32780 (APN 22‑35‑09‑00‑509), zoned R3.
    • Comprehensive plan amendment and preliminary site plan approved, streamlining development.
    • Shovel‑ready site with existing fill dirt and 6 acres of retention, minimizing upfront costs.
    • 196‑unit multifamily development site, asking price $4,350,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Clothing Store Nail Salon Food Market Grocery Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Titusville
    County
    Brevard
    State
    Florida
    Longitude
    -80.830402776747
    Latitude
    28.591249427268

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    FAQs

    What type of property is this?
    Land - 17.3 Acres, Entitled, Shovel-Ready
    Where is this land located?
    The property is located at 1925 Park Ave Titusville, FL.
    What is the asking price?
    The asking price for this property is $4,350,000.
    What are key features of this property?
    This property features: 17.3-acre commercial land parcel in Titusville, FL, ideal for multifamily development.; Located at 1925 S Park Ave, Titusville, FL 32780 (APN 22-35-09-00-509), zoned R3.; Comprehensive plan amendment and preliminary site plan approved, streamlining development.
    (321) 722-0707
    Request Owner's contact information
    1925 Park Ave Titusville, FL 32780
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    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
    1925 Park Ave Titusville, FL 32780
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