8955 Puerto del Rio Dr - Puerto Del Rio Lot • Terrain commercial • 7,5 Acres • 11 422 372 $ CAD • Cape Canaveral, FL 32920

Presenting a fully entitled multifamily development opportunity in the heart of Cape Canaveral, this ±7.5-acre site offers a rare chance to deliver 112 new residential units within a thriving coastal market. Situated in the Economic Overlay District, the property consists of seven approved mid-rise development pads, each spanning approximately one acre and permitted for a four-story building rising up to 45 feet in height. Existing entitlements allow for 16 units per structure across the site, enabling immediate execution without time-consuming approvals. All horizontal improvements are complete, including paved internal roadways, municipal water and sanitary sewer connections, electrical service, drainage, and upgraded utility infrastructure. Located adjacent to the final undeveloped waterfront corridor in Cape Canaveral and bordering the Banana River, the property benefits from proximity to the city’s residential neighborhoods, hospitality destinations, and vibrant recreational amenities. This is an exceptional opportunity for developers and investors seeking a high-demand infill project in one of Florida’s most dynamic coastal markets.