1568 Highway A1A
Property Description
“They aren’t making land anymore.” 1 of 3 vacant lots left on A1A. A rare, developable 1.14 parcel on Hwy. A1A is an exceptional opportunity to develop a mixed-use project in Satellite Beach. Entitled for up to 16,000 SF with flexible commercial/residential. Development Specifications - Site Area: 1.14 acres - Maximum FAR: 0.7 - Recommendation: 16,000 SF mixed-use - Commercial Space: ±8,500 SF Commercial - Residential: 5-6 luxury condominiums (1,800-2,000 SF each) - Parking ratio efficiency: 1:300 commercial, 1:1 residential Key Investment Driver - Live Local Act qualified site - Strong neighboring uses, including retail and residential - Below-grade infrastructure would be entertained by city - Prime A1A location with proven market fundamentals Critical Market Dynamics Aerospace & Defense Expansion - 111 rocket launches projected this year, with roughly 1000 annually by year 2030. - U.S. Space Force selected Space Coast for STARCOM HQ and DEL 10 Major corporate expansions creating immediate demand: - Amazon Project Kuiper - Dassault Falcon - SpaceX expansion - EVE (Embraer spinoff) HQ - Blue Origin growth - Space Perspective (space taxi rides) - Lockheed Martin growth - Boeing growth - Northrop Grumman growth - Leonardo DRS growth Economic Impact * Billions in new capital investment flowing into the region * Thousands of new jobs with average wages exceeding $80,000 * Military families and aerospace personnel seeking quality housing and amenities * Strong retention initiatives for military and civilian workforce
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,900,000 |
| No. of Units: | 2 |
| Year Built: | 1967 |
| Lot Size: | 1.44 Acres |
| Opportunity Zone: | No |
| Price per unit: | $950,000 |
| Property Website | Click Here |
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