In 2019, the City acquired a 0.61-acre unimproved lot located at 2050 Agora Circle SE, zoned RM-20, through escheatment by Brevard County for nonpayment of taxes pursuant to the tax certificates/tax deeds sale procedures of the Chapter 197, Florida Statutes.
On April 15, 2021, City Council declared this property as surplus real estate. This property has been listed for sale through the City's contract residential real estate broker, Ellingson Properties, LLC.
Ellingson Properties prepared a Comparative Market Analysis (CMA) with a suggested list price of $42,000. The City received multiple purchase offers as shown on the attached spreadsheet. Staff and the Broker are recommending the acceptance of a purchase offer of $46,000 from EJ & JT Associates Inc. The Buyer owns the property to the east at 2040 Agora Circle SE and intends on assembling the properties to construct a multi-family housing project.
REQUESTING DEPARTMENT:
Community & Economic Development