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Senior Housing Campus Development Site
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2100 US-1, Malabar, FL 32950

283-unit senior housing campus with development potential on 19.09 acres.

Property SizeContact for details
Lot Size19.09 Acres
Days on Market2945

Property Features for 2100 US-1

General Information

Standard status Active
Lot size 19.09 Acres
Property subtype Land
Zoning High Density Residential
Listing Agency: Dreyer & Associates Real Estate Group
Listed By: Michael Dreyer · License #150185
Source: Crexi
Added: Aug 7, 2018 Changed: Aug 16 Last Checked: Aug 28 at 12:47PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dreyer & Associates Real Estate Group

Investment Insights

Based on property information with market context.

This property features a senior housing campus with approximately 283 units. The maximum zoning density of 343 units allows for the potential development of over 70 independent living units or 55+ condominiums. The site, with parcel ID 29-38-05-00-502 and tax ID 2953285, had a tax amount of $10,110 in 2017. A recommended Phase One unit mix includes 40 independent living units (51 beds), 75 assisted living units (100 beds), and 20 memory care units (25 beds). A mirror building is recommended for Phase II. Unit sizes range from 250 square feet and up, with no maximum size per unit. The approved plan includes retail amenities, a clubhouse, and a pool. The property includes approximately 1.14 acres of deep water access frontage (1,000’ x 50’) and an approximately 19.09-acre future development site with approximately 1,023’ of frontage along Highway 1. Located primarily on the west side of US Highway in Brevard County, FL, the site is situated just south of Malabar Road, a major East-West artery with direct access to Interstate 95, as the closet interchange is 5 miles to the west. The shopping area along Palm Bay Road is 5 minutes to the north, while it is a 15 minute commute to the Melbourne Square Mall and downtown areas. Valkaria Airport is 5 miles to the south, Melbourne/Orlando International Airport is 15 minutes to the north and Orlando International Airport is an hour commute via I-95.

Key Highlights

  • ± 283 Unit Senior Housing Campus with approved plan including retail amenities, clubhouse & pool.
  • Maximum zoning density allows for additional development of 70+ Independent Living units or 55+ condominiums.
  • Benefit from ± 1.14 Acre deep water access frontage (1,000’ x 50’).

Property Analytics

Current Use

Land

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Storage Facility Locksmith Catering Service Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

376
Businesses Nearby

Demographics for 32950, FL

4,545
Population
2,002
Households
2.3
Avg Household Size
54
Median Age
33%
College-Educated
97%
High-School Grad
18.6 sq mi
ZIP Area
244
Density / Sq Mi
$122,905
Median Household Income
$46,103
Median Earnings
$1,813
Median Rent
$443,100
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Land - 283-unit senior housing campus with development potential on 19.09 acres.
Where is this land located?
The property is located at 2100 US-1 Malabar, FL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: ± 283 Unit Senior Housing Campus with approved plan including retail amenities, clubhouse & pool.; Maximum zoning density allows for additional development of 70+ Independent Living units or 55+ condominiums.; Benefit from ± 1.14 Acre deep water access frontage (1,000’ x 50’).
(321) 508-6422 Call to check price and availability
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