Attention builders, developers, and land investors! Rare opportunity to acquire an R-3 zoned multifamily development site in Brevard County with city water and sewer available at the street. This infill parcel offers by-right multifamily development potential in an established neighborhood with strong rental demand and limited entitled land inventory.
Property Overview:
0.28 Acres (12,325 SF)
Parcel IDs: 22-35-04-00-763 & 22-35-04-00-763.1
Zoning: R-3 High-Density Residential
Vacant Land
Financial Overview:
Asking Price: $130,000
Approx. $36,250 Per Potential Door (4-Unit Scenario)
Development Highlights:
By-right multifamily zoning
Potential for 3โ4 units (buyer to verify)
Townhomes, duplexes, quadplexes, apartments, and condos permitted
City water available
Electric available
Cable available
No well required
No septic required
Why This Deal Stands Out:
One of the biggest development costs on many Brevard County sites is utility infrastructure. This property already has city water and sewer available, potentially saving tens of thousands of dollars compared to rural parcels requiring well and septic installation.
Potential Uses:
Townhome Development
Duplex Development
Quadplex Development
Small Multifamily Project
Build-to-Rent Strategy
Long-Term Land Hold
Development Snapshot:
Maximum Density: 15 Units Per Acre
Maximum Height: 35 Feet
Approximate Buildable Coverage: 50%
Established Residential Area
Infill Development Opportunity
Rental Potential:
Estimated Market Rents: $2,100โ$2,300+/Unit (Buyer to Verify)
Strong Demand for New Housing Product
Attractive Build-to-Rent Opportunity
Why Investors Will Like This Deal:
Multifamily zoning already in placeNo rezoning risk
Utilities available at street
Multiple exit strategies
Strong Florida growth market
Limited competing entitled land inventory
Potential six-figure development upside
This is a rare opportunity to secure an entitled multifamily site with utilities in place and immediate development potential.
Buyer to perform all due diligence regarding zoning, density, utilities, permitting requirements, development costs, and intended use.
For fastest response: Cherrie โ Dispo Manager Call/Text: (404) 620-2544
NEED HELP MOVING YOUR OWN DEALS? We partner with investors and realtors on a non-exclusive basis to help dispo off-market properties through InvestorLift using our national cash-buyer network. We handle buyer communication, coordinate access and escrow, and offer competitive JV marketing terms, allowing our partners to stay focused on sourcing more inventory.
