000 S Highway 1, Malabar, FL 32950

$7,000,000
List Price
$7,000,000
MLS#
933235
Status
ACTIVE
Type
Land
County
Brevard
City
Malabar
Area
Malabar/Grant
Acres
8.75
Days on Market
225

Property Description

Fantastic Redevelopment Opportunity, Directly on US1, with River Views! Currently being used as a mobile home park, value is in the land! Easy access to the Beaches & Downtown Melbourne. FLU is High Density Residential. Highest & best use would be to apply for rezoning and land use change to R-M6 Multiple Family HDR which allows for 6 units per acre, 3 stories and 35' tall. Contains small riparian area along HWY US-1 with fishing pier. The riparian area is considered coastal preserves and only permits residential use.

Additional Information

Tax Year
2021
Tax Amount
$16,894
Utilities
City Water Available, Other, Septic

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Waterman Real Estate Inc..