28 Acre Development Opportunity In Vero Beach

Descriptions

This 28.8-acre property's location, at the southwest corner of 66th Ave and 53rd St in Vero Beach, provides tremendous long-range development potential for investors or an excellent current opportunity for a ranchette community developer. 66th Ave is in the process of a $57 million expansion, to a four-lane divided highway, providing a key corridor connecting the growing cities of Vero Beach and Sebastian. Located 1/2 mile east of the property, in the urban service area, is the new development Mandela Village which will include a hotel and stores. As part of that development, 53rd St will undergo improvements in the area.

To the east of 66th Ave, 53rd St serves as a corridor connecting the northern terminus of Indian River Blvd, US 1, and through the Waterway Village Community to 66th Ave.. The 2040 long-range plans call for continued expansion of the road to I-95 and beyond with a proposed interchange at the site. For the long-term investor, the location provides a perfect opportunity for a potential commercial site.

The property's current Zoning and Future Land Use allow for one housing unit per 200,000 sf or approximately five acres. The property's nearly 2000 feet of road frontage would allow for a small ranchette development with minimal infrastructure.

Tremendous long range potential
66th Ave is in the process of expansion to four lanes
53rd St is in the long range MPO plan for a future I-95 interchange
Long Range Commercial Potential