227 Johnson Ave Cape Canaveral, FL 32920

This exceptional Cape Canaveral investment opportunity presents a 12,500 square foot (.28 acre) corner lot at the intersection of Johnson Avenue and Orange Avenue. Zoned for multifamily development, this property allows for the construction of up to four units, making it ideal for investors seeking high rental income potential. The location is highly desirable, offering proximity to beautiful beaches, a variety of restaurants and shops, and the convenience of being just minutes away from Port Canaveral and its cruise port. This prime location attracts both residents and vacationers, ensuring strong occupancy rates. The lot's size and zoning provide significant flexibility for development, catering to a range of building plans. Composed of two parcels, this property offers added advantages and potential for creative development strategies. Situated in the highly sought-after Cape Canaveral Beach community, this property represents a rare chance to acquire a substantial piece of land with exceptional potential for significant returns. The asking price for this remarkable opportunity is $697,700. The property is located in Brevard County, Florida, zip code 32920.