To the direct north of the property, construction has been completed for the new Interstate 95 interchange at Ellis Road, which provides a direct route to the Orlando Melbourne International Airport passenger terminal. To the south, the Space Coast Town Center which is under construction, is anticipated to impact and accelerate the demand and pricing for development land opportunities in its proximity, which includes the subject property. This 170-acre project development will be a nexus of activity, drawing a broad range of consumers and could allow for 61 planned buildings, including 257,000 SF of Retail, Grocer: 30,000 - 60,000 SF, Residential: 1,800 to 2,000 multifamily residences, Office: 360,000 SF, Hotel: Two hotels - 250 to 300 keys. Providing developable access via Coastal Lane from US Highway 192 would require construction of an additional 1700+- linear feet of road. Public Water and Sewer will be available via main extensions by the City of West Melbourne.
The closest municipal water service line is located 575' south of the southern property line and is serviced by the City of West Melbourne. The nearest municipal sewer line is located 650' south and 300' feet east of the southeast corner of the subject property.
The property is currently under contract and is progressing through the due diligence phase. Rest assured that we will keep you informed of any developments, and if there are any changes in the status of the property, we will notify you promptly
