Introducing an exceptional real estate opportunity for a small multifamily project in Palm Bay, Florida's thriving and affordable housing market. This property boasts a zoning designation for 20 units per acre, presenting a potential yield of 14 units.

Located near a plethora of retail and commercial establishments, including Walmart, Publix, Home Depot, and Lowe's, as well as numerous restaurants, the property offers convenience and accessibility to amenities for future residents. The bustling retail and dining scene in the vicinity ensures a vibrant lifestyle for those who choose to call this place home.

With the nearby I-95 interchange just less than a couple of miles away, commuting and traveling to other areas becomes effortless, enhancing the overall appeal of the location. Whether residents need to reach neighboring cities or access major transportation routes, the property's proximity to the interchange provides convenience and time-saving advantages.

In addition to the multifamily development potential, there is also the enticing possibility of rezoning the property for commercial purposes. If your needs align with a commercial venture, the opportunity exists to acquire several adjacent parcels located at the end of Thor Ave to the south. These parcels, ranging from 0.6 acre to over 2 acres, form a contiguous area spanning approximately 6 acres. Please refer to the provided picture to gain a visual understanding of these properties.

Investing in this real estate opportunity allows you to tap into the growing demand for affordable housing in Palm Bay, while also offering the flexibility to explore commercial ventures if desired. Don't miss out on the chance to leverage the favorable market conditions and prime location of this property. Contact us today to learn more and seize this excellent investment opportunity.

Water and sewer are available at the site.

The other corner of the block is also available with the same size, and zoning enables you to have two projects simultaneously.

Contact: Vahid R. Rajabian

Phone: 321-333-7230

Email: vahid @palmbayland.com