Coastal Infill Development Site | Multifamily / Mixed-Use
“Coastal Infill Development Site | Multifamily / Live Local / Mixed-Use”
Marketing description
“Coastal Infill Development Site | Multifamily / Live Local / Mixed-Use”.
The subject property offers a rare opportunity to develop a highly visible infill site along South Federal Highway, one block from the Intracoastal and surrounded by established multifamily and daily-needs retail. Zoned MU-1 (Mixed-Use Urban), the site allows for a broad range of by-right uses including residential, retail, medical, and office, providing multiple viable development paths depending on investor strategy. With ±22,668 SF of land area, up to 4 stories, and FAR of 2.5 (±56,670 buildable SF), the property supports a variety of scaled, efficient projects in a supply-constrained coastal corridor.
Investment highlights
PROPERTY HIGHLIGHTS
- Lot Size: ±0.52 Acres (22,668 SF)
- Maximum Height: Up to 4 Stories
- FAR: Up to 2.5
- Seller Financing: Considered
LOCATION HIGHLIGHTS
- Zoning: MU-1 (Mixed-Use)
- Frontage: Direct exposure on S Federal Highway
- Location: One block from the beach
- Traffic Counts: ±23,000 vehicles/day
CRA = LOWER BASIS + FASTER APPROVALS
- Public incentives can offset development costs and improve returns
- Reduced effective land basis through grants and reimbursements
- Municipality aligned with redevelopment and higher density
- Streamlined approvals within a pro-development framework
- Strong public investment driving rent growth and absorption
- Active pipeline of CRA-backed projects validating the submarket
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