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107 Franklyn Ave - 107 Franklyn Ave- Land/ MultiFamily 0.36 Acres of Commercial Land Offered at $879,000 in Indialantic, FL 32903

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Investment Highlights

Road-to-road frontage allowing flexible redevelopment configurations.
Existing four-bedroom, two-bath concrete block home for immediate use or income generation.
Walking distance to restaurants, shopping, and parks within Indialantic’s beachside district.

One block from A1A and public beach access for premier coastal connectivity.
Zoning allows two single-family homes with potential to rezone for multifamily or townhomes (development subject to approval).
Exceptional sightlines for rocket launch events, creating a unique selling feature.

Executive Summary

Prime Beachside Redevelopment Opportunity with Unobstructed Rocket Launch Views! Rare road-to-road 0.36-acre parcel in the heart of Indialantic offering exceptional flexibility for investors, builders, and end users. The property extends from Franklyn Avenue to Grosse Pointe and includes an existing 4bed/2bath concrete block home, providing immediate occupancy, rental income, or a holding opportunity while planning redevelopment.
Current RU-1-11 zoning allows the parcel to be divided into 2 single-family homes with future rezoning potential to RU-2-12 (up to four multifamily units with a 45-foot building height or RA-2-6 (2 luxury townhomes). Buyers should verify all zoning and development during due diligence.
Located just one block from A1A and public beach access, this oversized parcel is within walking distance of restaurants, shopping, parks, and everything that makes beachside living so desirable.
Whether you're looking to build, develop, invest, or enjoy the existing home while planning your next project, 107 Franklyn Ave offers one of Indialantic's most compelling beachside opportunities.

Marketing Brochure

Property Facts

Price	$879,000	Property Type	Land
Sale Type	Investment	Property Subtype	Commercial
Sale Condition	Redevelopment Project	Proposed Use	Mixed Use Multifamily Single Family Development Single Family Residence
No. Lots	1	Total Lot Size	0.36 AC
Zoning	RU-1-11 - Low-density Single-Family Residential zoning district

Price	$879,000
Sale Type	Investment
Sale Condition	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Mixed Use Multifamily Single Family Development Single Family Residence
Total Lot Size	0.36 AC
Zoning	RU-1-11 - Low-density Single-Family Residential zoning district

1 Lot Available

Lot

Price	$879,000	Lot Size	0.36 AC
Price Per AC	$2,441,666.67

Price	$879,000
Price Per AC	$2,441,666.67
Lot Size	0.36 AC

Rare 0.36-acre road-to-road parcel in Indialantic, steps from A1A and beach access. Features an existing 4BR/2BA home and flexible zoning with potential for single-family, multifamily, or luxury townhome redevelopment.

Description

The property is located on 107 Franklyn Avenue in Indialantic, Florida, spanning approximately 0.36 acres between Franklyn Avenue and Grosse Pointe. It has current RU-1-11 zoning, which allows subdivision into two single-family lots. Possible rezoning options include RU-2-12 for multifamily or RA-2-6 for duplex/townhome configurations, subject to municipal approvals. The site includes an existing four-bedroom, two-bath concrete block residence and is positioned one block west of State Road A1A and public beach access. It is within walking distance to restaurants, retail, and recreational areas.

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