Hotel/Motel Commercial Development Opportunity

This 1.98-Acre Subject parcel is located on Clearlake Road (route 501/SR 524), a north-south artery that runs parellel to route 1 and Interstate 95, connecting to SR 528 to the immediate north, allowing easy access to Orlando to the west and the eastern coastline. Notable neighbors include a new Super Walmart and new Big-Box Publix within and half mile and University of Florida - Cocoa Campus to the south. Five miles to the west, the new Walmart Distribution Center has broken ground at the intersection of I-95 and SR 528.Designated future high-speed rail station directly north at Clearlake Road and State Road 524, pending final TPO approval. 1.98-acre parcel nestled in the middle of a dynamic market with 550,000 Sq Ft. of retail within 1/2 mile. Zoned Neighborhood Commercial - permitted uses include (but not limited to:) hotel/motel, community center, child care facility, office/financial institutions. art studio, veterinary facility. Possible conditional use permit for Multi-Family. 332' of frontage on Clearlake (SR 524), 277' deep to the north, 176' deep on the south side. City of Cocoa utilities, electric available, multiple broadband and fiber option available Traffic count: 16,319 AADT Tax ID#:2413503 / RE Taxes: $1729.08 Parcel ID: 24-36-17-00-514