See all 54 photos

$4,500,000

Est. payment - /mo

10 Baths

6,980 SqFt

New

000 Furnari ST Cocoa, FL 32922

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Camille Lewis, Elite Success Manager

support@trusteliteinc.com +1(954) 303-8363

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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,980 sqft

Price per Sqft $644

Subdivision Royal Subd

MLS Listing ID 1058389

HOA Y/N No

Total Fin. Sqft 6980

Year Built 2006

Annual Tax Amount $320

Tax Year 2023

Lot Size 0.570 Acres

Acres 0.57

Property Sub-Type Multi Family

Source Space Coast MLS (Space Coast Association of REALTORS®)

Property Description

Prime vacant residential land, fully zoned and platted for multi-family development. This ready-to-build property offers an excellent opportunity for investors or developers to create new housing in a growing area. With zoning already in place, the groundwork is set for a smooth development process, making this an ideal site for multi-unit residences. The Vacant land is part of a larger package deal, with the seller offering all properties for $4,500,000. Currently, one tri-plex is generating $2,200 per month in rental income, while the duplex is listed at $2,500 per month per unit. All 10 lots are zoned for multi-family use (R-2 / 250), and the north side of Furnari Street has already been filled and prepped for development. With septic, a new owner can build 28 units, and with sewer, the potential increases to 46 units. The road is county-owned and scheduled to be paved, representing an added value of approximately $750,000. Waterlines are already in place, and key permits from DOT, Cocoa City, and the county have been secured. This is a unique investment opportunity in a rapidly growing area, and the photos truly speak for themselves. The total sale includes one tri-plex, one duplex, and ten lots that are prepped and ready for multi-family development.

Location

State FL

County Brevard

Area 212 - Cocoa - West Of Us 1

Direction From I925 & 520 Turn right onto FL-520 E/W King St Turn left onto Clearlake Rd Turn right onto Furnari St

Interior

Heating Central, Electric

Cooling Ceiling Fan(s), Central Air

Flooring Tile

Inclusions Building & Land

Exterior

Exterior Feature ExteriorFeatures

Parking Features Additional Parking, Garage, On Street, Parking Lot

Utilities Available Cable Available, Electricity Available, Electricity Connected, Water Available, Water Connected, Separate Electric Meters, Separate Water Meters

Roof Type Shingle

Present Use Multi-Family,Residential,Unimproved

Garage No

Building

Lot Description Cleared, Cul-De-Sac, Wooded

Sewer Septic Tank, Unknown

Water Public, Other

Others

Senior Community No

Tax ID 24-36-20-60-00000.0-0008.00

Special Listing Condition Corporate Owned

ParcelsYN Yes

Virtual Tour https://www.propertypanorama.com/instaview/spc/1058389

Space Coast Association of Realtors (Brevard MLS)

Listed by Bryan's R.E.& Int'l Consulting

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Phone

+1(954) 303-8363

support@trusteliteinc.com

Address

12781 Miramar Pkwy Ste 301, Miramar, Florida, 33027, United States