000 Furnari ST Active Save Request In-Person Tour Request Virtual Tour
Cocoa,FL 32922
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. The building and developing plans are included with the purchase of this package.
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