Property summary
This exceptional mixed-use development opportunity in Titusville, Florida, presents a unique investment prospect. Located on South Washington Avenue (US Hwy 1), the property encompasses .88 to 20.13 acres of land zoned Urban Village with a land use designation of Urban Mixed Use. This allows for a diverse range of commercial uses, including convenience stores, retail spaces, and restaurants with drive-thru capabilities. The master-planned development will feature approximately 300 multi-family units, creating a vibrant and thriving community. Significant infrastructure improvements are already underway, including offsite stormwater management, rough grading, utilities, and a master infrastructure plan. A proposed traffic light and multiple access points from US Hwy 1 will ensure excellent visibility and accessibility. The property benefits from its proximity to a redeveloping marina with 140 planned slips and a future convention center. Titusville itself is experiencing rapid growth, fueled by a robust economy encompassing aerospace, manufacturing, healthcare, boating, and tourism. The city's strategic location offers easy access to major attractions, including Kennedy Space Center, Daytona International Speedway, Port Canaveral, and Orlando. With four international airports nearby, this location provides unparalleled convenience and accessibility.
Property profile
VerifiedCap rate & NOI
Current use
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Tour Operator
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The Regional Commercial (RC) district is intended to provide for intensive, highly automotive oriented uses that require an accessible location along thoroughfares designated as arterials in the comprehensive plan and th…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
RC · Titusville, FLThe Regional Commercial (RC) district is intended to provide for intensive, highly automotive oriented uses that require an accessible location along thoroughfares designated as arterials in the comprehensive plan and th…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The Regional Commercial (RC) district is intended to provide for intensive, highly automotive oriented uses that require an accessible location along thoroughfares designated as arterials in the comprehensive plan and th…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for RC in Titusville, FL.
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