Positioned in a highly desirable growth corridor, this 7.18±-acre, CR-1 zoned property presents a rare opportunity to acquire income-producing land with immediate and long-term development potential. The flexible CR-1 zoning supports a broad mix of commercial and residential uses, making this site ideal for developers, investors, or owner-users seeking scale and versatility.
The property is currently occupied by 8 month-to-month tenants, generating $10,850 in monthly income ($130,200 annually). This allows a buyer to maintain cash flow while entitlements, design, or phased redevelopment are pursued—a true value-add scenario. Water/sewer is located at the front of the property in the street.
BONUS VALUE – EXPAND YOUR FOOTPRINT
An adjoining ±1+ acre CR-1 parcel is also available, improved with a (to be) fully renovated home and office, to be connected to public water and sewer. Offered for an additional $875,000 (pricing will adjust if purchased as-is). Acquiring both parcels creates enhanced frontage, increased density potential, and greater development flexibility.
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Listing Snapshot
Price
$2,200,000
Days On Site
123 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
7.18 Acres
Year Built
N/A
MLS® Number
DESU2104366
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
4 months ago
Listing updated with changes from the MLS®
4 months ago
Listing first seen on site
General Features
Acres
7.18
Additional Property Use
CommercialIndustrialOfficeVacantWarehouseOther
Sewer
Public Sewer
Special Circumstances
Standard
Water Source
Public
Zoning
CR-1
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Community Features
MLS Area
Indian River Hundred (31008)
School District
INDIAN RIVER
Schools
School District
INDIAN RIVER
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of SVN/Miller Commercial Real Estate
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