STREAMBOAT LANDING - Gateway Medical Property

Introducing Streamboat Landing a remarkable investment opportunity that offers a 165-unit development strategically located in Palm Bay, Florida, featuring Business Mixed-Use (BMU) and medical zoning. This property is perfectly suited for a senior housing or Assisted Living Facility (ALF), offering a safe and nurturing environment for residents. With its unique zoning, the site allows for an extensive range of commercial, retail, and food service buildouts, ensuring a vibrant community hub that caters to both residents and visitors alike. The property boasts an impressive waterfront location along the Indian River, encompassing an entire half-mile of scenic shoreline. This exceptional setting not only enhances the aesthetic appeal but also provides residents with stunning views and recreational opportunities. The development includes a waterfront hotel, a spacious banquet hall, and versatile conference rooms, making it ideal for hosting events, meetings, and gatherings. The property is designed to foster a sense of community, combining residential living with accessible amenities. With a height restriction of 10 stories and city-granted exceptions allowing for development up to 110 feet, there is significant potential for vertical expansion, maximizing the use of this prime waterfront location. The property features over 200 parking spaces, ensuring convenient access for residents, guests, and customers. As the only waterfront access location in Palm Bay, this property stands out in a rapidly growing market, with projections indicating a growth rate of 707,113 residents by 2024-2025. The area's strong economic indicators, including a 4.7% GDP growth rate and a household income of $57,318, further enhance the investment potential. In addition to Streamboat Landing, The Gateway Medical Property offers 5,000 square feet of retail space with flexible lease options, catering to a diverse range of commercial and medical needs. This property features commercial and medical spaces with the potential for condominium options above, making it a versatile investment. With major highway access and an existing traffic light, visibility and accessibility are optimized for businesses. The BMU zoning allows for unlimited commercial, doctor's office, and retail use, while also permitting up to 40 additional residential units. Currently generating leased income, this property is positioned for future growth and success in a thriving community.