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8955 Puerto del Rio Dr
Cape Canaveral, FL 32920 Coastal Brevard

$8,250,000 USD

Land For Sale  •  7.5 AC

Property Details

  • Property Type Land
  • Lot Size 7.5 AC
  • Zoning R3
10 Transit Score
30 Walk Score

Description

The site is located within Cape Canaveral, Florida, spanning approximately 7.5 acres and positioned in an Economic Overlay District. The property includes seven entitled development pads suitable for multifamily housing. Each pad supports a four-story structure with maximum height restrictions of 45 feet. The site is fully entitled for 112 residential units. All necessary horizontal infrastructure such as paved roads, municipal utilities, and utility connections has been installed. The property lies near the Banana River along an undeveloped waterfront corridor and is surrounded by existing residential and hospitality uses.

Highlights

Fully entitled ±7.5-acre site allowing for 112 multifamily units across seven approved pads.
Existing infrastructure in place, including roadways, utilities, sewer, and drainage, supporting immediate vertical construction.
Positioned within Cape Canaveral’s Economic Overlay District with favorable development standards.
Convenient access to area attractions, beaches, and key transportation routes serving the Space Coast region.

Public Transportation

AirportDriveWalkDistance
Melbourne Orlando International 54 min - 26.0 mi
James Edmunds 321-349-5068 ONE Sotheby's International Realty
James Edmunds 321-349-5068 ONE Sotheby's International Realty