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    0000 Adams Ave Cape Canaveral, FL 32920

    For Sale
    $1,599,500

    Cape Canaveral Multifamily Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    Exceptional development opportunity awaits on this 18,731 square foot lot located at 0000 Adams Avenue in Cape Canaveral, Florida (zip code 32920). This property boasts incredible ocean views, with beach access just steps away. Zoned for multifamily use, the site allows for the construction of up to six residences, or alternatively, three single-family homes, subject to verification from the Planning and Zoning department. A 45-foot height restriction applies. The lot requires minimal clearing, and sewer and utilities are readily accessible. Comparable sales in Brevard County indicate new beach-close residences sell from the upper $300s to over $600 per square foot, depending on the quality of construction. The wide beaches are contractually maintained by the port, and Cape Canaveral is known for its vacation rental-friendly environment. Conceptual plans for 4, 5, or 6-unit townhome projects are available, with estimated unit land costs around $270,000, based on a 6-unit development. This is a rare opportunity to acquire the last untouched land east of Ridgewood, offering significant potential for high-return investment in a prime coastal location. Don't miss this chance to build your dream project in this highly desirable area.

    Property Features for 0000 Adams Ave

    General Information

    Property type
    Multifamily properties

    HighLights

    • 18,731 SF lot at 0000 Adams Avenue, Cape Canaveral, FL 32920.
    • Incredible ocean views and beach access.
    • Multifamily zoning allows up to six residences or three single‑family homes (subject to verification).
    • 45‑foot height restriction.
    • Utilities readily accessible, minimal site clearing required.
    • Comparable sales: $300-$600+ per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Canaveral
    County
    Brevard
    State
    Florida
    Longitude
    -80.6013541
    Latitude
    28.3904916

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    FAQs

    What type of property is this?
    Multifamily property - Cape Canaveral Multifamily Opportunity
    Where is this multifamily property located?
    The property is located at 0000 Adams Ave Cape Canaveral, FL.
    What is the asking price?
    The asking price for this property is $1,599,500.
    What are key features of this property?
    This property features: 18,731 SF lot at 0000 Adams Avenue, Cape Canaveral, FL 32920.; Incredible ocean views and beach access.; Multifamily zoning allows up to six residences or three single-family homes (subject to verification).
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    0000 Adams Ave Cape Canaveral, FL 32920
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    Cape Canaveral, FL 32920
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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
    0000 Adams Ave Cape Canaveral, FL 32920
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