4355 38th Avenue Vero Beach FL 32967 MLS #R11142752

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. 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!