1568 Highway A1A Satellite Beach, FL 32937
- Land
Current Use by Public Records
- Land
Property Details for 1568 Highway A1A
- Property type
- Land
Description
This exceptional 49,658 square foot commercial lot, situated on Highway A1A in Satellite Beach, Florida (zip code 32937), presents a remarkable investment opportunity. Priced at $2,250,000 ($45.31/SF), this 1.14-acre parcel is one of only three vacant lots remaining on this prestigious stretch of A1A, offering unparalleled ocean views. The property is zoned C - Commercial District and is entitled for up to 16,000 square feet of mixed-use development, with flexible commercial and residential options. Development plans suggest approximately 8,500 square feet of commercial space and 5-6 residential condos (1,800-2,000 square feet each). Parking ratios are estimated at 1:300 for commercial and 1:1 for residential. This location benefits from strong neighboring businesses and is designated a Live Local Act site. The property's prime location is further enhanced by the significant economic growth in the area, driven by the expansion of aerospace and defense industries, including STARCOM HQ and DEL 10 nearby, as well as major corporations like Amazon Kuiper, SpaceX, Blue Origin, Lockheed, and Boeing. The projected increase in space launches (111 this year, with projections of 1,000 annually by 2030) fuels substantial investment, high-paying jobs, and increased housing demand for military and aerospace personnel. Below-grade infrastructure may be considered.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Satellite Beach
- County
- Brevard
- State
- Florida
- Longitude
- -80.5887
- Latitude
- 28.1662
