700 W Central Blvd
Cape Canaveral, FL 32920
Land For Sale · 7.70 AC

The subject property is located within the Economic Overlay District of Cape Canaveral. The subject has been approved for 288 unit Assisted Living Facility including 21 double occupancy by the City of Cape Canaveral. It is also approved for 335 multi family units with a maximum building height of 65 feet. Preferred zoning could allow for greater density as negotiated with the City of Cape Canaveral; whom appears open to that possibility. The subject property, more specifically, is located next to the only remaining undeveloped area of Cape Canaveral, and adjacent to the Banana River. The surrounding area is an older well established community with residential lots to the south, along with hotels and other commercial and multi-family developments. The City of Cape Canaveral has already approved the plans to build a 288 unit mid rise assisted living facility. All building plans have been approved and this project is considered shovel ready. At the same time the site could be developed as a high density multi-family apartment complex with views of the Banana River and in close proximity to Port Canaveral. OFFERED PRICE The subject is being offered for sale for $12,000,000. LAND SALE - PARTICIPATION - and/or - JOINT VENTURE The Seller is interested in selling, participation, or joint venture. Currently, the Owner has all entitlements to build the 235 unit assisted living facility with all approvals, blue prints, and sites plans. The Owner has extension experience in multi family projects. The sale could include all building plans.