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201 Mediterranean Way

Indian Harbour Beach, FL

Listing Details

  • $1,495,000
  • MLS# 1070432
  • Type Commercial - Investment
  • Status
  • 1.310 acres
    Lot Size
  • 2026
    Year Built

Description

The subject property consists of a 1.31-acre parcel located in the City of Indian Harbour Beach and is currently zoned B-1 (General Commercial). Permitted uses under this zoning designation include retail, restaurant, professional office, religious facilities, and other commercial uses.In addition, the property has been granted a Conditional Land Use approval allowing for the development of an assisted living facility. The previous property owner planned a three-story, 96-bed assisted living facility on the site, but that design would require official city approval.The City has also indicated a willingness to rezone the property to R-2 (Residential),... Read more which would permit development at a density of seven (7) dwelling units per acre. At this density, the 1.31-acre site would support approximately nine (9) units, with the potential to accommodate up to ten (10) townhome lots, subject to final site design and municipal approvals, as illustrated in the attached conceptual site plan. Mediterranean Way is currently developed with townhomes as part of the Fortebello community, providing strong compatibility with a potential residential redevelopment and supporting the feasibility of the proposed rezoning.

Key Features

No amenity information available.

View All Features
201 Mediterranean Way
Indian Harbour Beach, FL 32937
Subdivision
None
County
Brevard

Contact the Agent

Luxury Homes Specialist
Contact the Listing Agent
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All Property Features

  • Property Type: Commercial - Investment
  • Days on Site: 76
  • Exterior: Other
  • Lot Description: Other
  • Lot Size: 1.31 Acres
  • Parking Notes: Other
  • Sewer: Public Sewer
  • Utility Features: Sewer Available, Water Available
  • Water: Public
  • Year Built: 2026