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3199 W Indian River Blvd - Florida I-95 Interchange Site for Development 20 Acres of Commercial Land Offered at $4,999,900 in Edgewater, FL 32132
INVESTMENT HIGHLIGHTS
- City installed water, sewer & reclaimed water lines in front of property and extended to Just west of I-95 Interchange
- Directly in front of Coral Trace Residential Sub.
- Area projected for high growth
- City Open to Rezoning to MUPUD (Mixed Use Planned Unit Development)
- Mostly cleared and High & dry 20 +/- Acres
- Owner looking to do a 1031 IRC Tax Deferred Exchange for Property
EXECUTIVE SUMMARY
New Sewer, Water, and Reclaimed Water lines installed in front of subject property! Property is currently Zoned for 1-acre residential lots. The city is recommending rezoning for mixed-use commercial that would make an Ideal Site for a Shopping Center, Restaurants, Gas Station, Retail, Assisted Living, Apartments, Self-Storage, Etc. Just east of I-95 & 442 Interchange Edgewater, FL. Prime area for future development with the city of Edgewater's purchase of property just East & across the Blvd of the subject property for their new city complex. East of I-95 is the Miami Corp to develop new homes, office, industrial and commercial space. The Farmington groups are developing over 60,000 +/- acres in this area. Projects include about 2,300 new homes, commercial & industrial development area, etc. The city of Edgewater is growing and projected to be the next prime city! The sellers are intending to do a 1031 exchange for other property.
PROPERTY FACTS
| Price | $4,999,900 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | 1031 Exchange | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 20.00 AC |
| Zoning | A-3 - Agricultural | ||
| Price | $4,999,900 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 20.00 AC |
| Zoning | A-3 - Agricultural |
1 LOT AVAILABLE
Lot 1
| Price | $4,999,900 | Lot Size | 20.00 AC |
| Price Per AC | $249,995.00 |
| Price | $4,999,900 |
| Price Per AC | $249,995.00 |
| Lot Size | 20.00 AC |
Prime vacant 20 +/- Acre development site on Hwy. 442 a Major E/W Blvd. in Edgewater, FL just East of I-95 interchange. Corner lot in front of Coral Trace Sub. South of New Smyrna Beach, Florida with city utilities in front of property.
DESCRIPTION
Vacant mostly cleared corner lot. Just east of I-95 interchange and in front of Coral Trace Residential Subdivision. Major 4 lane divided Hwy. that will take you to I-95 & U.S. Hwy 1. New bike trail with bridge just West of property that goes over Hwy. New Sewer, Water and Reclaimed water lines installed in front of property for new developments in the area. This is the next area of" major development". Get started Today and plan for the future. The city has a building moratorium at this time!
PROPERTY TAXES
| Parcel Number | 8438-02-00-0110 | Improvements Assessment | $0 |
| Land Assessment | $256,460 | Total Assessment | $256,460 |
PROPERTY TAXES
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3199 W Indian River Blvd - Florida I-95 Interchange Site for Development
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