Vacant Land in Opportunity Zone Adjacent to 90 Unit Affordable Housing Development

Located on the north side of University Lane just east of the Clearlake Road. This piece abuts the neighboring 7.64-acre parcel which extends north to meet Michigan Avenue. University Boulevard in Cocoa, FL is home to various businesses, educational institutions, and residential neighborhoods. Clearlake Road and Michigan Avenue intersect in Cocoa, Florida. This is in Brevard County on the Space Coast of Florida. Here are some of the surrounding businesses, landmarks, and points of interest in that area: Cocoa High School, Brevard County School Board Complex, Retail and Restaurants, Cocoa Village, Cocoa Riverfront Park, Medical Facilities, Residential Neighborhoods and Transportation Routes in which the intersection of Clearlake Road and Michigan Avenue likely provides access to local roads, making it convenient for commuting within Cocoa and the wider area. Zoning Codes: C-G: https://library.municode.com/fl/cocoa/codes/code_of_ordinances?nodeId=PTIICO_APXAZO_ARTXISCDIRE_S12DIIN-GGECODI C-W: https://library.municode.com/fl/cocoa/codes/code_of_ordinances?nodeId=PTIICO_APXAZO_ARTXISCDIRE_S15DIIN-WWHCODIThe property consists of .88 acres vacant commercial land immediately adjacent to a 7.64+- acre 90 unit(Under Construction ) Affordable/Workforce Housing Development. Traffic counts are healthy on Michigan Avenue (615 Feet Frontage) with 11,090 cars daily and on nearby Clearlake Road 19,960 cars passing daily. This parcel is located in an identified Opportunity Zone. These zones are designed to spur economic development and job creation in communities throughout the country by providing tax benefits to investors who invest eligible capital into these communities. Taxpayers may defer tax on eligible capital gains by making an appropriate investment in a Qualified Opportunity Fund and meeting other requirements. For further information on Opportunity Zones, please visit https://www.cdfifund.gov/Pages/Opportunity-Zones.aspx The property is located near several points of interest in the immediate area. Among those are Eastern Florida State College - Cocoa Campus, less than a half mile to the southwest of the property, historic Cocoa Village just over 3 miles to the southeast, and the Walmart Supercenter immediately to the north. Easy access to State Road 528 makes this property a quick commute to the Orlando attractions and the Orlando International Airport (37.6 miles) and just 25 miles to the Orlando-Melbourne International Airport to the south. The Port Canaveral Cruise Port is located just across Highway A1A to the east for 11.5 miles. The property is located in the City of Cocoa and City of Cocoa provides water and sewer. • The property does not contain wetlands. • Tax ID: 2416170/ PID: 24-36-20-00-286 /RE Taxes: $1,235.53