4355 38th Avenue, Vero Beach, FL 32967 (MLS# RX-10893233)

$1,850,000

4355 38th Avenue
Vero Beach, FL 32967
MLS# RX-10893233

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Property Description
APPROVED - 79 DOORS AFFORDABLE HOUSING DEVELOPMENT! Introducing an exceptional opportunity for multifamily residential development in an enviable location. This prime property boasts an unbeatable location just minutes away from beach access and offers unparalleled convenience being in close proximity to the airport. With its coveted zoning of RM-10, this parcel presents a range of possibilities for developers seeking to create a thriving community.The potential for this property is truly impressive, with the current entitlements allowing for the construction of 66 townhomes or condominiums with an additional grant allowing for up to 79 doors for affordable housing development.

Details

Maps

Contract Information

Listing Date: 2023-05-29

Status: Active

Original List Price: 1850000

Auction: No

List Price: $1,850,000

Current Price: $1,850,000

List Price/Acre: 276946.11

Comm/Non-Rep: 0%

Comm/Buyer Agent: 2.50%

Comm/Trans Brk: 2.50%

General Property Description

Type: Commercial Land

Lot Dimensions: 440 x 600

Lot SqFt: 290981

Lot Frontage: 440

Lot Depth: 600

Acres: 6.68

Waterfront: No

Subdivision: North Central Vero Beach.

Development Name: Future Residential

Front Exp: East

Homeowners Assoc: None

Directions: Johnston Rd and 43rd Ave SW to 38th Ave in Gifford 20 min (11.9 mi) Merge onto FL-614/Indrio Rd 1.0 mi Turn left onto Johnston Rd 2.5 mi Continue onto 43rd Ave SW 7.7 mi Turn right onto 41st St 0.4 m

Location, Tax & Legal

Area: 5940

Geo Area: PB07

Country: United States

County: Indian River

Parcel ID: 32392700000300000018.0

Street #: 4355

Street Name: 38th

Street Suffix: Avenue

State/Province: FL

Zip Code: 32967

Legal Desc: W1/2 OF NE1/4 OF NW1/4, LESS N 735 FT &LESS S 165 FT (OR BK 468 PP 255)

AKA: Future Development

Zoning: RM-10

Tax Year: 2022

Taxes: 2017.79

Special Assessment: No

Short Sale: No

Short Sale A/U: N/A

Short Sale Addendum: No

Multiple Ofrs Acptd: Yes

REO: No

Elementary School: Dodgertown Elementary School

Middle School: Gifford Middle School

High School: Vero Beach High School

Geo Lat: 27.672466

Geo Lon: -80.424674

Office/Member Info

DXORIGMLNO: RX-10893233

DXORIGMLSID: RML

Property Features

Land Use: Multi-Family Med Den; Single Family

Lot Description: 5 to 10 Acres; Public Road; Treed Lot; West of US-1

Develop Status: Undeveloped

Improvements: None

Utilities Avail: Cable; Electric; Municipal Sewer; Public Water; None

Utilities On Site: None

View: Lagoon; Pond

Ground Cover: Brush

Roads: Paved

Miscellaneous: Clearing Required

Avail Docs: Aerial

Trees: Other

Usage: Unimproved Multi-Fam; Unimproved Sing Fami

Special Info: Corporate Owned

Terms Considered: Cash; Conventional

Possession: Funding

Supplements

Water and sewer services are readily available through the city, ensuring a smooth transition for the implementation of utilities. While the existing internal roads may require development, the presence of perimeter roads adds convenience and accessibility to the site. For developers looking to streamline the due diligence process, this property comes fully entitled for the proposed use of multifamily residential development. This eliminates potential hurdles and accelerates the timeline for construction, providing a valuable head start. In summary, this property presents an excellent location for multifamily residential development. With its proximity to the beach, convenient access to the airport, and the potential for re-zoning or affordable housing options, it is a compelling opportunity for developers seeking a prosperous venture. Don't miss out on the chance to shape a vibrant community in this highly sought-after area!

Listing Office: LoKation

Last Updated: February - 08 - 2024

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