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Property For Sale Listing 69387
42 Acre-Multi-Fam-335 Unit-Melbourne-Florida
Status as of Aug-29-2008 at 01:44 AM: Active
Property Summary
42.37 Acre, multi-family, medium density zoned, with entitlements and approved for 335 units with all horizontal impact fees and other costs paid. Storm water rentention in place with an approved environmental go-ahead for construction. Priced at $13,731 per unit ($4,600,000), this property is offered at a discount of between 40% and 60% below comparable market values from December 2006. Apprasied in January 2007 for $8 million. Located on the south side of Melbourne, Florida, a rapidly growing area of middle income wage earners with large local employers, near the Florida Institute of Technology. The Seller has asked for all offers.
Categories
Location
| Classification: | United States // Southeast States // Florida // Other Florida |
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Price
| Price Classification: | Between $2.5 Million and $5 Million |
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| Asking Price: | $4,600,000 ($13,731/unit) |
Property Type
| Classification: | Multi-Family Properties // 10+ Family |
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| Type: | multi-family vacant land |
