Exceptional shovel-ready development opportunity in one of Melbourne's fastest-growing corridors! This fully entitled site is approved for eight townhomes, with the City of Melbourne site plan already fully approved--eliminating the time, expense, and uncertainty of the entitlement process. The cleared and graded property offers approximately 14,400 square feet of buildable area and is ready for horizontal construction, allowing developers to skip an estimated 12-18 months of approvals. Utilities, including water, sewer, and electric, are available at the property line, and the site fronts an improved, established roadway. Plans are designed for eight spacious 3-bedroom, 2.5-bath townhomes of approximately 1,800 square feet each. Located near Florida's thriving Space Coast with strong demand for new construction, this turnkey opportunity is ideal for builders, investors, or developers. Seller will consider an outright sale, joint venture, or build-to-suit arrangement.
Vacant landProperty Type
0.55 acresLot Size
$816,364Price/Acres
Listed by Milena Fernandes• Golden Group Realty LLC
Seize this exceptional real estate opportunity in a prime location! This property is zoned R-2 for single-family or multifamily development. The Seller's conceptual plans for either eight townhomes or five single-family homes are attached. City utilities are conveniently available at the front of the property. The site is largely cleared of structures and vegetation, providing a clean slate for your project. Enjoy the tranquility of a quiet street while being just minutes from the river, the historic Eau Gallie Arts District, and the beach causeway. Additional perks include two artesian wells on the property. Whether you envision a rental income property, a short-term rental compound, a tiny home community, or another innovative development, this property presents limitless possibilities. Seller will consider providing financing for land purchase or development. Please note, all information should be verified independently by the buyer.
As the MLS and public records start to fill up, we'll list the details here.
Public record
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Vacant Land
County
Brevard County
APN
27-37-21-50-B-11,27-37-21-50-B-10,27-37-21-50-B-7
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Last updated by owner on Jul 30, 2024.
Historical weather
Melbourne, FL • 32935
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Sun exposure
93/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Melbourne. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.7 hrs
8 hrs
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Provided by Shadowmap
Redfin Estimate for 0 Torrence Ln
$411,505
$37K under list price of $449K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $365K to $635K.