4355 38th Av, Vero Beach, FL

$1,850,000

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6.68

Acres

About 4355 38th Av

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!

Features of 4355 38th Av

MLS® # RX-10893233
Price $1,850,000
Acres 6.68
Type Land
Sub-Type Commercial Land
Style No
Status Active

Community Information

Address 4355 38th Av
Area 5940
Subdivision North Central Vero Beach.
City Vero Beach
County Indian River
State FL
Zip Code 32967

Amenities

Utilities Cable, Electric, Municipal Sewer, None, Public Water
View Lagoon, Pond
Is Waterfront No

Exterior

Lot Description 5 to 10 Acres, Public Road, Treed Lot, West of US-1

School Information

Elementary Dodgertown Elementary School
Middle Gifford Middle School
High Vero Beach High School

Additional Information

Date Listed May 29th, 2023
Zoning RM-10
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeLoKation

Listing Map

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