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3199 W Indian River Blvd
Edgewater, FL 32132
Florida I-95 Interchange Site for Development · Land For Sale · 20.00 AC
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 recemented Rezoning to MUPUD (Mixed Use Planned Unit Development)
- Mostly cleared 20 +/- Acres
- Owner will consider a J.V. or 1031 IRC Tax Deferred Exchange for Income 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 across the Blvd for their new city complex. East of I-95 is the Miami Corp to develop about 30,000 new homes, office, industrial and commercial space. The Farmington groups are developing over 60,000 +/- acres in this area. Projects include about 23,000 new homes, industrial, etc. The city of Edgewater is growing to be the next prime city! The sellers are intending to do a 1031 exchange for income property.
PROPERTY FACTS Under Contract
1 Lot Available
Lot 1
| Price | $5,551,650 CAD | Lot Size | 20.00 AC |
| Price Per AC | $277,582 CAD |
| Price | $5,551,650 CAD |
| Price Per AC | $277,582 CAD |
| 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!
PROPERTY TAXES
| Parcel Number | 8438-02-00-0110 | Improvements Assessment | $0 CAD |
| Land Assessment | $365,071 CAD | Total Assessment | $365,071 CAD |
PROPERTY TAXES
zoning
| Zoning Code | To Be Determined (City has a list of their Zonings.) |
| To Be Determined (City has a list of their Zonings.) |
