5700 Fl-520Cocoa, FL 32926

Property Details for 5700 Fl-520

Lot size

5.00 AC

Property type

Other commercial real estate

Property subtype

Other land

Description

This exceptional 5-acre parcel in Brevard County, Florida, presents a remarkable development opportunity. Located on Highway 520, it enjoys convenient access to downtown Cocoa (10 minutes) and the future Brightline station (10 minutes), further enhanced by its proximity to Einstein Montessori School. The land is already cleared, filled, and compacted, ready for immediate horizontal construction. Detailed architectural and engineering plans for a 40-unit townhome development are available, including site plans for 25-30 foot wide lots, each averaging 2,500 square feet. The proposed townhomes, with an estimated base price of $500,000 for end units, will feature community amenities such as a pool, cabana/clubhouse, and park. The property is zoned C-N and served by public utilities (water, sewer, and electricity). This turnkey opportunity offers significant potential for substantial returns. The asking price is $1,275,000, representing a land value of $250,000 per acre. The site is generally level and prepared for lot grading and drainage. This is a rare chance to acquire a fully prepared site ready for immediate development in a high-demand location.

Location Insight

City

Cocoa

County

Brevard

State

Florida

Latitude

28.3612

Longitude

-80.8193

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