2930 Kirkland Road Northeast - STEAMBOAT LANDING - Gateway Medical Property 4.15 Acres of Commercial Land Offered at $8,933,888 CAD in Palm Bay, FL 32905

Streamboat Landing is 165-Unit Development that features a total of 165 units. The property is ideal for a senior housing or Assisted Living Facility (ALF) setup. It is located in an area with Business Mixed-Use (BMU) and medical zoning, providing flexibility for various development options. The amenities include a waterfront hotel, spacious banquet hall, and versatile conference rooms, perfect for events and gatherings. There is unlimited potential for commercial, retail, and food services buildout, catering to residents and visitors alike. A standard 10-story height restriction in place, with city-granted exceptions allowing for development up to 120 feet. Location: Situated on an entire 1/2 mile of waterfront and shoreline along the Indian River, offering stunning views and recreational opportunities. Parking Facilities - Over 200 parking spaces available, ensuring ample access for residents, guests, and visitors. Exclusive Access - The only waterfront access location in Palm Bay, Florida, making it a unique investment opportunity in a rapidly growing area. 165 Units Available - This development features a total of 165 units, providing ample housing options for residents in a desirable location. BMU Zoning - The property is zoned for Business Mixed-Use (BMU), allowing for a diverse range of commercial and residential applications, enhancing its investment potential. Superior Waterfront Property - Located in Brevard County, Florida, this property boasts a prime waterfront setting, oering stunning views and recreational opportunities along the shoreline. Projected Growth Rate - The area is expected to experience significant growth, with a projected population of 707,113 residents by 2024-2025, indicating strong demand for housing and services. Robust GDP Growth - Brevard County's GDP growth rate is projected at 4.7%, outpacing the national average of 2.2%, demonstrating a thriving local economy. Strong Household Income - The average household income in the area is $57,318, reecting a 3.9% growth, which supports consumer spending and enhances the market viability for residential and commercial developments. The Gateway Medical Property 5,000 sq. ft. Retail Space - Ideal for a variety of businesses looking to establish a presence in a thriving area. Commercial and Medical Space - Designed with the potential for condominium options above, providing additional residential opportunities and enhancing the property's value. Major Highway Access - Strategically located with easy access to major highways, ensuring high visibility and convenience for customers and clients. Existing Trac Light and Signal - Enhances accessibility and safety, making it easier for patrons to enter and exit the property. Unlimited Use Potential - The property is zoned for unlimited commercial, doctor’s oce, and retail use, catering to a diverse range of business needs. Leased Income Generation - Currently generating leased income, providing immediate cash ow for investors. BMU Zoning - Allows for the development of up to 40 additional residential units, adding further investment potential and accommodating community growth. Land Value and Pricing Resident Space Value - Each unit is valued at $45,000, leading to a total resident space value of $7,425,000 for all 165 units in the development. Investment Potential - This valuation provides a solid foundation for potential investors, illustrating the nancial viability of the residential component of the property. Versatile Development Opportunities - The property qualies for unlimited commercial, retail, and food service venues, allowing for diverse business applications and maximizing revenue potential. Waterfront Amenities - The site is ideal for the establishment of waterfront restaurants, a marina, and a Tiki Bar, enhancing its appeal as a destination for both residents and visitors.