Vacant Land in Opportunity Zone Adjacent to 90 Unit Affordable Housing Development

University Boulevard, Cocoa, FL 32922

  • For Sale $249,900
  • Property Type VacantLand
  • Lot Size 0.88 Acre
  • Additional Rent Contact for pricing
  • Date Updated Nov 5, 2024
Located on the north side of University Lane just east of the Clearlake Road. This piece abuts the neighboring 7.64-acre parcel which extends north to meet Michigan Avenue. University Boulevard in Cocoa, FL is home to various businesses, educational institutions, and residential neighborhoods. Clearlake Road and Michigan Avenue intersect in Cocoa, Florida. This is in Brevard County on the Space Coast of Florida. Here are some of the surrounding businesses, landmarks, and points of interest in that area: Cocoa High School, Brevard County School Board Complex, Retail and Restaurants, Cocoa Village, Cocoa Riverfront Park, Medical Facilities, Residential Neighborhoods and Transportation Routes in which the intersection of Clearlake Road and Michigan Avenue likely provides access to local roads, making it convenient for commuting within Cocoa and the wider area. Zoning Codes: C-G: https://library.municode.com/fl/cocoa/codes/code_of_ordinances?nodeId=PTIICO_APXAZO_ARTXISCDIRE_S12DIIN-GGECODI C-W: https://library.municode.com/fl/cocoa/codes/code_of_ordinances?nodeId=PTIICO_APXAZO_ARTXISCDIRE_S15DIIN-WWHCODIThe property consists of .88 acres vacant commercial land immediately adjacent to a 7.64+- acre 90 unit(Under Construction ) Affordable/Workforce Housing Development. Traffic counts are healthy on Michigan Avenue (615 Feet Frontage) with 11,090 cars daily and on nearby Clearlake Road 19,960 cars passing daily. This parcel is located in an identified Opportunity Zone. These zones are designed to spur economic development and job creation in communities throughout the country by providing tax benefits to investors who invest eligible capital into these communities. Taxpayers may defer tax on eligible capital gains by making an appropriate investment in a Qualified Opportunity Fund and meeting other requirements. For further information on Opportunity Zones, please visit https://www.cdfifund.gov/Pages/Opportunity-Zones.aspx The property is located near several points of interest in the immediate area. Among those are Eastern Florida State College - Cocoa Campus, less than a half mile to the southwest of the property, historic Cocoa Village just over 3 miles to the southeast, and the Walmart Supercenter immediately to the north. Easy access to State Road 528 makes this property a quick commute to the Orlando attractions and the Orlando International Airport (37.6 miles) and just 25 miles to the Orlando-Melbourne International Airport to the south. The Port Canaveral Cruise Port is located just across Highway A1A to the east for 11.5 miles. The property is located in the City of Cocoa and City of Cocoa provides water and sewer. • The property does not contain wetlands. • Tax ID: 2416170/ PID: 24-36-20-00-286 /RE Taxes: $1,235.53

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Highlights

  • The property consists of .88 acres vacant commercial land immediately adjacent to a 7.64+- acre 90 unit(Under Construction ) Affordable/Workforce Housing Development.
  • Traffic counts are healthy on Michigan Avenue (615 Feet Frontage) with 11,090 cars daily and on nearby Clearlake Road 19,960 cars passing daily.
  • This parcel is located in an identified Opportunity Zone. These zones are designed to spur economic development
  • and job creation in communities throughout the country by providing tax benefits to investors who invest eligible capital
  • into these communities. Taxpayers may defer tax on eligible capital gains by making an appropriate investment in a Qualified Opportunity Fund and meeting other requirements. For further information on Opportunity Zones, please visit https://www.cdfifund.gov/Pages/Opportunity-Zones.aspx

Contacts

broker

Michael Dreyer, CCIM, ALC

Dreyer & Associates

Location

Getting Around

  • Walk Score ®

    44/100 Car-Dependent
  • Transit Score ®

    28/100 Some Transit
  • Bike Score ®

    47/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Cocoa, FL
  • Neighborhood Cocoa
  • Zip Code 32922
  • Market Orlando

Points of Interest

  • ChargePoint

    0.23 miles

  • Greenlots

    0.23 miles

  • 7-Eleven

    0.43 miles

  • Mobil

    0.67 miles

  • Sunoco

    1.13 miles

  • Citgo

    1.44 miles

  • Hess

    2.28 miles

  • Raceway

    2.75 miles

  • Kangaroo Express

    2.84 miles

  • BP

    3.04 miles

  • Publix

    3.02 miles

  • Truck Parking

    3.08 miles

  • Parking - Port Canaveral Employee and Vendor Parking

    7.54 miles

  • Parking - Port Canaveral Terminal 10

    7.60 miles

  • Parking - Port Canaveral Terminal 8

    7.61 miles

  • Parking - Port Canaveral Terminal 6

    7.76 miles

  • Parking - Port Canaveral Terminal 5

    7.88 miles

  • Budget Inn

    2.98 miles

  • Holiday Inn Express & Suites Cocoa

    3.31 miles

  • Apollo Inn

    3.44 miles

  • Days Inn

    3.49 miles

  • Days Inn by Wyndham Cocoa Cruiseport West At I-95/524

    3.50 miles

  • Econo Lodge Port Canaveral Area

    4.01 miles

  • Country Inn & Suites

    8.27 miles

  • Residence Inn Cape Canaveral Cocoa Beach

    8.34 miles

  • SpringHill Suites

    8.37 miles

  • TownePlace Suites

    8.44 miles

  • Odyssey Pizza

    0.45 miles

  • Dunkin'

    0.52 miles

  • Taco Bell

    0.63 miles

  • Chapparral

    0.86 miles

  • Subway

    0.90 miles

  • McDonald's

    1.04 miles

  • Krispy Krunchy Chicken

    1.07 miles

  • Wendy's

    1.42 miles

  • Burger King

    1.49 miles

  • A&M Atlantic Seafood, Inc

    2.29 miles

  • Florida Solar Energy Center

    0.25 miles

  • Cambridge Elementary School

    0.33 miles

  • Eastern Florida State College - Cocoa Campus

    0.56 miles

  • Clearlake Middle School

    0.83 miles

  • Cocoa High School

    1.06 miles

  • Pineda Elementary School

    1.34 miles

  • Saturn Elementary School

    1.59 miles

  • Saint Marks Episcopal Day School

    2.09 miles

  • Fairglen Elementary School

    2.31 miles

  • Ronald McNair Middle School

    2.86 miles

  • Discovery Learning Center

    6.39 miles

  • Viera Children's Academy

    8.49 miles

Frequently Asked Questions

How much does Vacant Land in Opportunity Zone Adjacent to 90 Unit Affordable Housing Development cost?

The space currently listed for sale at Vacant Land in Opportunity Zone Adjacent to 90 Unit Affordable Housing Development asks for $249,900.

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Contact Listing Broker

broker

Michael Dreyer, CCIM, ALC

Dreyer & Associates