117 Franklyn Ave Indialantic, FL 32903
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 117 Franklyn Ave
- Property type
- Small apartment buildings
Description
This exceptional 11,326 square foot lot presents a unique investment opportunity in the highly desirable Indialantic, Florida, area. Located at 117 Franklyn Avenue, this property boasts a prime location just steps from the beach and minutes away from the vibrant downtown area, offering easy access to dining, nightlife, and other amenities. The lot is cleared and sits at a high elevation, providing a desirable building site. Flexible zoning allows for the construction of either a single-family home or a duplex, maximizing potential returns. Access is available from two streets, adding to the property's versatility. Comparable lots of similar size (0.23 acres) are currently selling for over $625,000, making this a compelling investment at the asking price. The proximity to the beach, less than 1,000 feet away, is a significant advantage, offering residents the convenience of easy beach access for morning walks, sunset views, and recreational activities. Considering that new constructions on comparable lots in the neighborhood are selling for $1.5 million, this property represents a remarkable opportunity to build a dream home or vacation retreat at a significantly lower cost. The property is zoned to allow for a single family home or a duplex/triplex/quadruplex. This is one of the last double lots available in this sought-after location. Don't miss this chance to secure your piece of paradise in Indialantic.
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
- Indialantic
- County
- Brevard
- State
- Florida
- Longitude
- -80.5716416
- Latitude
- 28.0990503
