1 And Cottrell Ave Sharpes, FL 32927

This exceptional 12.39-acre parcel presents a unique investment opportunity in Cocoa, Florida. Strategically located on US Highway 1 and Cottrell Avenue, this property boasts 568+ linear feet of US-1 frontage and approximately 370 feet of Indian River frontage. The land comprises seven contiguous parcels, zoned RU-2-10, permitting medium-density multifamily development. Permitted uses include multifamily dwellings, duplexes, resort dwellings, single-family attached dwellings, and more, subject to development standards. Its prime location offers easy access to I-95, SR 528, and major north-south Route 1. Proximity to the Space Coast Frontenac Flea Market enhances visibility and potential. The property is also conveniently located near major airports (Orlando International, Sanford/Orlando, and Melbourne/Orlando International), Kennedy Space Center, and local attractions. This is an ideal site for a high-impact development project, capitalizing on its exceptional location and zoning flexibility. The property's significant frontage on US Highway 1 and the Indian River provides unparalleled visibility and access. The RU-2-10 zoning allows for a variety of development options, catering to diverse market demands. The proximity to major transportation arteries, airports, and tourist attractions further enhances its investment appeal. This is a rare opportunity to acquire a large, well-positioned parcel with significant development potential in a thriving Florida market. The asking price is $7,200,000.