Listing Summary
Melbourne City Center: A Strategic Mixed-Use Development with Federal Opportunity Zone Tax Benefits
Full Description
Overview
Melbourne City Center is a proposed, sustainable mixed-use development and innovation hub located in the heart of Florida's Space Coast. The project is strategically positioned on a highly visible, high-traffic site at the intersection of Babcock Street and Pirate Lane. Its prime location offers excellent accessibility, situated east of Interstate 95 and south of the Orlando-Melbourne International Airport.
This development is designed to attract a diverse community of residents, professionals, students, and consumers with a blend of residential, commercial, and institutional uses. It will include single-family homes, apartments, a retail center, a medical campus, senior living, a university site, a charter school, and various restaurants and entertainment venues.
This is a unique investment opportunity because the property is in a newly qualified Federal Opportunity Zone, offering significant tax incentives for investors. This program allows for substantial tax reductions and the potential for tax-free profits if the investment is held for at least 10 years.
Quick Glance
- Listing ID:
CL-Florida-26335
- Status:
Active
- Year Build:
N/A
- Building Size:
1,916,640 SqFt
- Lot Size:
44.00 Acre