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18651655
18651653

3550 S Washington Ave, Titusville, FL 32780

JW
CA CA
California Retail Properties
Listed by California Retail Properties
$22,000,000
703 days on market
Updated 18 days ago

M F $22.0 M WITH $11.0 N DOWN

Details
Property Type Land, Mixed Use (+2)
Sub Type Shopping Center, Apartment Building (+1)
Square Footage 260,000
Units 13
Class A
Year Built 1966
Year Renovated 2000
Buildings 1
Acreage 6.000
Zoning MIX ZONE - PHASE #1 SHOVEL / PAD READY
Investment Type Redevelopment
Ground Lease No
Sale Condition For sale by owner

Titusville Mix Zone redevelopment

Marketing description

WE ARE LOOKING FOR A QUALIFIED BUYER / DEVELOPER TO PUCHASE THE MF OR CO GP WITH BALANCE SHEET ($22.0 M) TO DEVELOPE THE ENTIRE PHASE #1 PROJECT

The project is located in the City of Titusville Florida (on US 1 facing Cape Canaveral housing NASA, Space ex, Blue Origin and Boeing and many others as you will see in the later part of this document). City of Titusville is the 2nd fastest growing City in the entire United States.

The site has 22 Acres with 280,000 Sq. ft of operating mall (65% ENTITLED - PHASE #1) that has gone through an entitlement / rezoning process. The master plan calls for five (5) parcels (Medical – Retail plaza, Multiunit, Senior living, restaurants and hospitality).

Please visit the web site TitusvilleResortAndDestination.Com

A 22 acre parcel that is located on U S 1 in City of Titusville FL 32780.

Demolition if 168,000 Sq ft of 280,000 Sq ft was completed in 2024 and there exist 112,000 Sq ft of a mini mall with 23 tenants that eventually gets demoed to open a 110,000 Sq ft of a medical, retail and offices.

The construction area is fenced off and it has 5 entrances.

The mini mall has it's own main and site entrance.

Market place (Flea Market) and Antiques mall are a part of businesses

TitusvilleResortAndDestination.Com

TitusvilleAssistedLivingAndMemoryCare.com

TitusvilleCambriaHotel.Com

MULTI UNITS - RESIDENTIAL (1st phase):

The Property on the First Phase will have 240 apartments and 100 Independent Senior living units with an approximate gross square foot of 544,000,000 and it will be built as six (6) story. In the MF building we will have administration and amenities such as on site management, Gym and maintenance room plus a meeting community room. & Senior living will be built as a four (4) story. On the first floor it will have 29,000 Sq. Independent senior living units would be on the 2nd to 5th floor. The club house, courtyard, and pool will be a part of the project in addition to two sit down and drive in restaurants.

Hospitality (Phase # 2) plus 4,000 Sq ft of combined restaurant and meeting room.

DETAILS OF APARTMENTS “BUILDING G” (U Shape building – Gross Sq ft of 387,000)

114 one bedrooms, 84 two bedrooms and 42 three bedrooms (including penthouses)

First floor will have 56,000 Sq ft , Second floor will have 57,000 Sq ft and third to seventh floor, each will have 55,000 Sq ft

Penthouses: 15 x 1 bedrooms; 14 x 2 bedrooms & 7 x 3 bedrooms

● 114 x 1 bedrooms with 840 Sq ft plus balcony

● 84 x 2 bedrooms with 1,316 Sq ft plus balcony

● 42 x 3 bedrooms with 1,540 Sq ft plus balcony

Ground floor will have 24 one bedrooms with patio, 15,000 SQ ft community room for residents and seniors, maintenance room of 3,000 Sq ft, Management office of 3,000 Sq ft, Gym of 4,000 Sq ft plus the lobby area.

A clubhouse (1,800 Sq ft) will be built in the courtyard area with a Zero entry pool of 2,500 Sq ft.

DETAILS OF SENIOR LIVING “BUILDING F” (L Shape building – Gross Sq ft of 106,000)

100 Assisted SENIOR LIVING

106,000 Sq. ft (30,000 Sq ft Ground floor , 30,000 Sq ft on the second floor and 24,000 Sq ft per each floor (3rd to 4th floors)

20 Studios, 60 One bedrooms and 20 two bedrooms

Penthouses: 4 x Studios, 12 x 1 bedrooms, 4 x 2 bedrooms

● 20 Studios with 669 Sq ft plus balcony

● 60 one bedrooms with 905 Sq ft plus balcony

● 20 two bedrooms with 1,301 Sq ft plus balcony

● Penthouses: 4 studios, 12 one bedrooms, 4 two bedrooms

A 8,000 Sq ft of lobby covering an area for two elevators, management office and other amenities such as management office, community room and movie night room with screen and projector.

100 UNITS – 4 STORY BLD. – 106,625 Sq ft Floor plate

Footprint 1st floor: 29,209 Sq ft

First floor: 11 ALF units

Second floor: 25 Memory care units + 14 ALF units

Third floor: 26 ALF units

Fourth floor: 24 ALF units

Amenities on first floor: Commercial Kitchen, Laundry, Main dining room area, private dining room, Gym, Salon, Bar, theatre, chapel, admin, marketing, security, nurse stations (all floors) Conference room and activity room. Two elevators, in addition to generator room, janitorial and electrical rooms.

Investment highlights

PURCHASE THE MF (240 UNITS) ENTITLED SITE FOR $22.0 M WITH $11.0 M DOWN AND OBTAIN FINANCING FOR THE REST AND / OR PUCHASE THE ALF (100 UNIRS) AT 6.3 M AND / OT Looking for a CO-GP with Balance sheet to partner with an investment of $222 M to develop the entire phase #1 project

Contact me at 877 337 6869

TitusvilleResortAndDestination.Com

TitusvilleAssistedLivingAndMemoryCare.com

TitusvilleCambriaHotel.Com

Listing Contacts

JW
CA CA
California Retail Properties
Listed by California Retail Properties

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