Courtesy: Reach Commercial Real Estate
321-300-4773
''They aren't making land anymore.'' One of only three vacant lots on A1A, this rare, developable 1.14-acre parcel on Hwy A1A in Satellite Beach offers a unique opportunity for a mixed-use project. Entitled for up to 16,000 SF with flexible commercial/residential use. Development Specs Site Area: 1.14 acres Max FAR: 0.7 Recommended: 16,000 SF mixed-use Commercial: ±8,500 SF Residential: 5-6 condos (1,800-2,000 SF each) Parking: 1:300 commercial, 1:1 residential Investment Drivers Live Local Act site Strong neighboring uses Prime A1A location, below-grade infrastructure may be considered Market Dynamics Aerospace & Defense Expansion 111 launches this year, projected 1,000 annually by 2030. STARCOM HQ and DEL 10 nearby. Corporate Growth Amazon Kuiper, SpaceX, Blue Origin, Lockheed, Boeing, and more expanding, boosting demand. Economic Impact Billions in new investment, high-paying jobs, and housing demand for military and aerospace personnel.
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Satellite Beach is located in Florida. Satellite Beach, Florida has a population of 11,093. Satellite Beach is more family-centric than the surrounding county with 40.95% of the households containing married families with children. The county average for households married with children is 24.34%.
The median household income in Satellite Beach, Florida is $92,750. The median household income for the surrounding county is $63,632 compared to the national median of $69,021. The median age of people living in Satellite Beach is 42.2 years.
The average high temperature in July is 90.6 degrees, with an average low temperature in January of 48.7 degrees. The average rainfall is approximately 53.2 inches per year, with 0 inches of snow per year.
