Titusville Mixed Use Development Site - Covered Land Play - Portfolio Sale

Investment Overview

Prime mixed-use development site in Downtown Titusville spanning over 3 acres, encompassing an entire city block, with uninterrupted views of the Indian River Lagoon and incredible rocket launches from Kennedy Space Center. The BEST site for a high-rise mixed-use project in Titusville, with support expressed by the City. Planned streetscape improvements on Broad Street, which is the site's northern boundary, reaffirm this site as the Epicenter of Downtown Titusville. Broad Street is being redeveloped by the City to allow for events and festivals. The existing improvements, including a fully occupied multi-tenant retail plaza, a beautiful 32-pad RV park, and tenanted historical buildings, generate significant cash flow. This allows for income during the site planning and approval process of a new project, or strong positioning as a longer-term covered land play.

Investment Highlights

• Tap into higher densities via the Downtown Residential Density Pool: potential for 100+ units per acre, subject to Development Review Committee approval and inclusion of multiple specific public benefits.
• https://library.municode.com/fl/titusville/codes/comprehensive_plan?nodeId=FUTURE_LAND_USE_ELEMENT_FUTURE_LAND_USE_ELEMENT_GOAL_1GRMALAUS_OBJECTIVE_1.10DO_POLICY_1.10.2_STRATEGY_1.10.2.4