Property description of Property - Lee Manor Isles

“coastal infill development site | multifamily / live local / mixed-use”. The subject property offers a rare opportunity to develop a highly visible infill site along south federal highway, one block from the intracoastal and surrounded by established multifamily and daily-needs retail. Zoned mu-1 (mixed-use urban), the site allows for a broad range of by-right uses including residential, retail, medical, and office, providing multiple viable development paths depending on investor strategy. With ±22,668 sf of land area, up to 4 stories, and far of 2. 5 (±56,670 buildable sf), the property supports a variety of scaled, efficient projects in a supply-constrained coastal corridor. Cra = lower basis + faster approvals: • public incentives can offset development costs and improve returns. • reduced effective land basis through grants and reimbursements. • municipality aligned with redevelopment and higher density. • streamlined approvals within a pro-development framework. • strong public investment driving rent growth and absorption. • active pipeline of cra-backed projects validating the submarket.

Property Features