Coastal Infill Development Site | Multifamily / Live Local / Mixed-Use. The subject property offers a rare opportunity to develop a highly visible infill site along South Federal Highway, one block from the Intracoastal and surrounded by established multifamily and daily-needs retail. Zoned MU-1 (Mixed-Use Urban), the site allows for a broad range of by-right uses including residential, retail, medical, and office, providing multiple viable development paths depending on investor strategy. With ...Coastal Infill Development Site | Multifamily / Live Local / Mixed-Use. The subject property offers a rare opportunity to develop a highly visible infill site along South Federal Highway, one block from the Intracoastal and surrounded by established multifamily and daily-needs retail. Zoned MU-1 (Mixed-Use Urban), the site allows for a broad range of by-right uses including residential, retail, medical, and office, providing multiple viable development paths depending on investor strategy. With ±22,668 SF of land area, up to 4 stories, and FAR of 2.5 (±56,670 buildable SF), the property supports a variety of scaled, efficient projects in a supply-constrained coastal corridor. CRA = LOWER BASIS + FASTER APPROVALS: ? Public incentives can offset development costs and improve returns. ? Reduced effective land basis through grants and reimbursements. ? Municipality aligned with redevelopment and higher density. ? Streamlined approvals within a pro-development framework. ? Strong public investment driving rent growth and absorption. ? Active pipeline of CRA-backed projects validating the submarket.
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Agency Name: RE/MAX 360 Real Estate
Agent Name: Agustin Duarte
Agency Phone: 305-602-0360
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Agency Title: Illustrated Properties
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