New Construction Project for 56 Unit Townhomes in Titusville, Florida

New Construction Project for 56 Unit Townhomes in Titusville, Florida

New Construction Project for 56 Unit Townhomes in Titusville, Florida

EXECUTIVE SUMMARY 5.54 ACRES / R-3 ZONED

Located on 5.54 acres in the heart of The Beautiful Overlooking the Indian River City of Titusville, Florida. 4.178 acres zoned R-3 (Residential Multifamily) with Density of 15 units per acre and 1.37 acres zoned OR (Open Space Recreation), which makes it perfectly suitable for Green Zone/Park/Recreational Area.

This development is planned to be a gated community consisting of 56 Townhomes under 1400 sq.ft. each, catered mostly to the first home buyers clientele, 3 Story 2 Bdrms, 2 1/2 Bath with open space floor plan. Focused on creating an active and healthy lifestyle this community residents will range from young professionals and families to retirees. Residents will also be able to enjoy the marinas and boat ramps throughout the city as well as quick access to the beaches, county parks, shopping, new medical facilities and world famous seafood. The new finished product will be offered at $160,000 to $180,000 price range per unit. The comprehensive study of the local real estate market made us to believe that there is a strong demand for new homes under $200,000 range with zero competition.

LOCATION: 824 West C Stafford St, Titusville, FL 32780

INVESTMENT HIGHLIGHTS 5.54 ACRES / R-3 ZONED

  • Only 50 minutes from Orlando International Airport
  • One hour from Disney World Resort
  • 20 minutes drive from Port Canaveral and Kennedy Space Center
  • 15 minutes to I-95
  • Less than 15 miles from one of the top rated by TripAdvisor.com, Playalinda Beach
  • Quick access to University of Central Florida, Eastern Florida State College and Florida Institute of Technology
  • No zoning changes required
  • Quick turnaround
  • Cost of the land less than $4,000 per door

COMMUNITY DATA PROFILE LOCATION / DISTANCE IN MILES

Atlanta, GA - 478 Birmingham, AL - 596

Charlotte, NC - 518 Miami, FL - 221

Mobile, AL - 538 New Orleans, LA - 681

Nashville, TN - 730 Jacksonville, FL - 134

Tampa, FL - 127 Washington, DC - 847

SPACE INDUSTRY

Kennedy Space Center (NASA): 8,300 employees

Estimated that 100 service members separate from nearby Patrick Air Force base each year;

Over 40,000 vehicles are registered on the base;

Titusville/Cocoa Regional Airport designated state "Spaceport" in 2013 for low orbit vehicles;

and Blue Origin building $200 million rocket plant here.

COMMUNITY DATA PROFILE POPULATION

2000 Census 2010 Census 2015 Census 2017 Census

City of Titusville 40,670 43,761 44,557 46,263

Brevard County 476,230 543,372 556,885 589,162

Florida 15,982,378 18,802,690 19,893,297 20,984,400

COMMUNITY FACILITIES

Libraries 3

Golf Courses 5

Fitness Centers 12

Recreation Parks 15

Movie Screens 14

COMMUNITY DATA PROFILE CLIMATE

Mean Temperature 77F

Cold Season (Dec - Mar) 71F

Climate Type Tropical

LABOR FORCE ANALYSIS

Civilian Labor Force 258,700

Total Non-Farm 200,500

Goods Producing 21,200

Service Providing 135,400

Government 26,600

Other Services 8,300

COMMUNITY DATA PROFILE INCOME CHARACTERISTICS

Median Household Income (2015) $46,280

Average Household Income (2015) $57,263

Average Family Income (2015) $66,814

MAJOR INDUSTRIES/SECTORS

Kennedy Space Center (NASA) Space exploration / services 8,300

Parrish Medical Center Health services provider 1,200

Knight's Armament Ammunition manufacturer 280

Professional Aircraft Accessories Aviation components manufacturer 170

Boeing Aerospace (office) 125

For more information, please click here or call seller at (727) 877-1777

DISCLAIMER: All information provided deemed reliable but not guaranteed, since the zoning and market conditions may change - all potential buyers are responsible )for verifying accuracy of all information.

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