Commercial Property :Details

Round Island Plantation

2495 S. Highway A1A
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Site Information

Address: 2495 S. Highway A1A
City / State: Vero Beach / North Hutchinson Island , FL
Rent / Price: Call For Pricing
Total SF: 31 Single Family Homes Lots & 2.37 Acres Ocean Front Lots
Property Link: http://www.loopnet.com/Listing/19790809/2495-S-Highway-A1A-Vero-Beach-FL/
Broker(s): Stigliano, Reese

Investment Highlights:

 

  • Ocean Front Parcel – 2.37 acres with 215 feet of ocean frontage. Previously approved for 13 units in connecting three story buildings, a pool recreation area and 36 cabanas.

  • West A1A Parcel – Total of 41.6 gross acres. 31 single family lots on 6.21 developed acres. 25 of the lots are in St. Lucie County. Lots are approximately 55’ x 110’. The northern 6 lots are in Indian River County. Lots are approximately 75’ x 150’

  • Both parcels can be bought together or separately

  • 2015 Taxes – Ocean Front parcel: $37,590 / West Parcel: $47,450

  • Maximum Building Height: 35’

  • Infrastructure: 95% of the horizontal site development has been completed including entrance feature, streets, pavers, sewer, water, lift station and tunnel under A1A that connects the west side with the east side. Seller will bond the balance of infrastructure and provide credit at closing.

  • Zoning: West Side: Planned Unit Development (PUD) Ocean Side: Hutchinson Island Residential District (HIRD)

  • Entitlements: West side (31 single family lots) has be submitted to St. Lucie County for PUD rezoning, Site Plan and Preliminary Plat. Expected approval, Fall of 2016. East side to retain Existing Minor Site Plan Approval.

  • Utility Services Agreement: Standard Potable Water and Wastewater Agreement with St. Lucie County currently in place with reservations for up to 64 ERC’s based on the original development plan of 31 single family lots, 13 multi-family units and 36 cabana units as part of the community’s recreation area.

  • Pricing: Call for pricing information.

 

Spaces

Unit Square Footage Description Available
Lot 1 1,812,096 sq ft   Yes
Lot 2 103,237 sq ft   Yes


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