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    8955 Puerto Del Rio Dr Cape Canaveral, FL 32920

    Sponsored
    For Sale
    $10,500,000

    Prime 108,028 sq ft development land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 20-acre commercial land parcel in Cape Canaveral, FL, presents a lucrative investment opportunity. Located just outside Cocoa Beach, across from the port and near a new aquarium, this property boasts convenient access to the 528 highway, providing easy commutes to Orlando and Disney. The site offers seven build-ready condo pad sites, each accommodating 16 units, totaling a potential 112 units under R-3 zoning. Infrastructure is complete, with pads 4, 5, and 6 comprising Phase I, pad 11 in Phase II, and pads 16-18 in Phase III. Please note that pads 16 and 18 require new sewage lines. The property's 108,028.8 square foot lot size offers significant development potential, with some units potentially offering partial river views. The asking price is $10,500,000. This is an ideal location for a high-demand residential or mixed-use development, capitalizing on the area's thriving tourism and proximity to major attractions. The property is situated at 8955 Puerto Del Rio Drive, Cape Canaveral, FL 32920.

    Property Features for 8955 Puerto Del Rio Dr

    General Information

    Property type
    Land

    HighLights

    • $10,500,000 asking price.
    • 108,028.8 sq ft commercial land parcel.
    • Located in Cape Canaveral, FL, near Cocoa Beach, port, and new aquarium.
    • 7 build‑ready condo pad sites (R‑3 zoning for 112 units total).
    • Infrastructure in place; some sites require new sewage lines.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Canaveral
    County
    Brevard
    State
    Florida
    Longitude
    -80.6190366
    Latitude
    28.3991554

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    FAQs

    What type of property is this?
    Land - Prime 108,028 sq ft development land
    Where is this land located?
    The property is located at 8955 Puerto Del Rio Dr Cape Canaveral, FL.
    What is the asking price?
    The asking price for this property is $10,500,000.
    What are key features of this property?
    This property features: $10,500,000 asking price.; 108,028.8 sq ft commercial land parcel.; Located in Cape Canaveral, FL, near Cocoa Beach, port, and new aquarium.
    Request Owner's contact information
    8955 Puerto Del Rio Dr 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
    8955 Puerto Del Rio Dr Cape Canaveral, FL 32920
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