In 2019, the City acquired a 0.62-acre unimproved lot located at 1956 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 $45,000 from Central Florida Investment Fund, LLC. The Buyer is also seeking to purchase the adjacent City-owned parcel located at 1942 Agora Circle SE to construct a multi-family housing project.
REQUESTING DEPARTMENT:
Community & Economic Development