700 Central Blvd Cape Canaveral, FL 32920
- Land
- 7.70 lot acres
Current Use by Public Records
- Land
Property Details for 700 Central Blvd
- Lot size
- 7.70 lot acres
- Property type
- Land
- Property subtype
- Hospitality properties
Description
This exceptional 7.7-acre parcel, located at 700 West Central Blvd, Cape Canaveral, FL 32920, presents a unique investment opportunity. Zoned R-3 Medium Density Residential District with an A1A Economic Opportunity Overlay District, this property allows for a variety of development options. The land is priced at $6,750,000, or $20.66 per square foot. Its strategic location offers high visibility along a major thoroughfare with a daily traffic count of 31,500 vehicles. The site's proximity to Port Canaveral, space launch zones, and Exploration Tower adds significant value. Permitted uses include multifamily residential, hotel, and mixed-use developments, potentially allowing for up to 231 units in a four-story building with ground-floor commercial space. The serene setting between the Banana River and Manatee Sanctuary Park provides a picturesque environment. This prime location in Brevard County offers unparalleled access to the thriving space industry and the natural beauty of the Florida coast. The property's APN is 24-37-15-00-510. This is a rare chance to acquire a substantial development site in a highly desirable area.
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
- Cape Canaveral
- County
- Brevard
- State
- Florida
- Longitude
- -80.616
- Latitude
- 28.3961
