0000 Adams Ave Cape Canaveral, FL 32920

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.