US-1 Titusville Titusville, FL 32796

Property Details for US-1 Titusville

Lot size

2.00 lot acres

Property type

Land

Description

This exceptional 13-acre commercial land opportunity in Titusville, Florida, presents a unique investment prospect. Strategically located on US-1 and SR 405, this property boasts high visibility and significant traffic volume (AADT 27,500). The land is commercially zoned, allowing for diverse development options. Six acres are high and dry, fully mitigated with $324,000 in mitigation credits already covered by the seller. The remaining southern portion offers additional development potential. The property is ideally suited for a variety of uses, including quick-service restaurants, retail spaces, and gas stations, as illustrated by a proposed plan including a QSR, retail strip center, and a gas station with 12 fueling pumps and ample parking. Approximately 12,000 square feet of additional retail-commercial space could accommodate a mini-supermarket, self-storage facility, medical building, or multi-use facility. The site benefits from its proximity to major roadways (I-95, SR 405), utilities (water main along the property's front, sewer system nearby), and significant demand generators, including the aerospace industry (NASA, SpaceX, Blue Origin), tourism (beaches, Port Canaveral), and expanding residential communities (Tranquility Shores, Verona Village). The property is available for purchase as a whole or subdivided into parcels of 2+ acres, catering to various investment strategies. The asking price is $750,000 per acre.