Streamboat Landing
165-Unit Development - Featuring a total of 165 units, ideal for a senior housing or Assisted
Living Facility (ALF) setup.
Zoning - Located in an area with Business Mixed-Use (BMU) and medical zoning, providing
exibility for various development options.
Amenities - Includes a waterfront hotel, spacious banquet hall, and versatile conference rooms,
perfect for events and gatherings.
Commercial Opportunities - Unlimited potential for commercial, retail, and food services
buildout, catering to residents and visitors alike.
Height Restrictions - Standard 10-story height restriction in place, with city-granted exceptions
allowing for development up to 120 feet.
Prime Waterfront - Location Situated on an entire 1/2 mile of waterfront and shoreline along
the Indian River, offering stunning views and recreational opportunities.
Parking Facilities - Over 200 parking spaces available, ensuring ample access for residents,
guests, and visitors.
Exclusive Access - The only waterfront access location in Palm Bay, Florida, making it a unique
investment opportunity in a rapidly growing area.
Key Statistics
165 Units Available - This development features a total of 165 units, providing ample housing
options for residents in a desirable location.
BMU Zoning - The property is zoned for Business Mixed-Use (BMU), allowing for a diverse range
of commercial and residential applications, enhancing its investment potential.
Superior Waterfront Property - Located in Brevard County, Florida, this property boasts a
prime waterfront setting, oering stunning views and recreational opportunities along the
shoreline.
Projected Growth Rate - The area is expected to experience signicant growth, with a
projected population of 707,113 residents by 2024-2025, indicating strong demand for housing
and services.
Robust GDP Growth - Brevard County's GDP growth rate is projected at 4.7%, outpacing the
national average of 2.2%, demonstrating a thriving local economy.
Strong Household Income - The average household income in the area is $57,318, reecting a
3.9% growth, which supports consumer spending and enhances the market viability for
residential and commercial developments.
The Gateway Medical Property
5,000 sq. ft. Retail Space - Ideal for a variety of businesses looking to establish a presence in a
thriving area.
Commercial and Medical Space - Designed with the potential for condominium options above,
providing additional residential opportunities and enhancing the property's value.
Major Highway Access - Strategically located with easy access to major highways, ensuring
high visibility and convenience for customers and clients.
Existing Trac Light and Signal - Enhances accessibility and safety, making it easier for
patrons to enter and exit the property.
Unlimited Use Potential - The property is zoned for unlimited commercial, doctor’s oce, and
retail use, catering to a diverse range of business needs.
Leased Income Generation - Currently generating leased income, providing immediate cash
ow for investors.
BMU Zoning - Allows for the development of up to 40 additional residential units, adding
further investment potential and accommodating community growth.
Land Value and Pricing
Resident Space Value - Each unit is valued at $45,000, leading to a total resident space value of
$7,425,000 for all 165 units in the development.
Investment Potential - This valuation provides a solid foundation for potential investors,
illustrating the nancial viability of the residential component of the property.
Versatile Development Opportunities - The property qualies for unlimited commercial, retail,
and food service venues, allowing for diverse business applications and maximizing revenue
potential.
Waterfront Amenities - The site is ideal for the establishment of waterfront restaurants, a
marina, and a Tiki Bar, enhancing its appeal as a destination for both residents and visitors.