Cheney Multi-Family Development Site

±180-unit multifamily or townhouse development opportunity spanning approximately ±12 acres, zoned R-3 High Density Residential, which allows for a maximum density of ±15 units per acre, offering flexibility in unit mix and site planning.
Located along Cheney Highway (State Road 50), a major east-west arterial with high traffic counts, providing direct access to Interstate 95, key commercial areas in Downtown Titusville, and the broader Space Coast employment corridor.
Immediate proximity to major employers such as NASA’s Kennedy Space Center, SpaceX, Blue Origin, and Cape Canaveral Space Force Station, supporting long-term rental demand from a growing population of aerospace, defense, and engineering professionals.
Situated within a rapidly expanding submarket experiencing significant population and employment growth, driven by the ongoing expansion of the Space Coast aerospace cluster, new industrial development, and enhanced regional infrastructure.
Supported by favorable multifamily market fundamentals, including low vacancy rates, strong net absorption, and limited pipeline deliveries, particularly in Class A and B product types, creating a favorable supply-demand imbalance for new rental housing.

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