US 1 | Palm Bay, FL
Signalized Corner | 1.9± AC Commercial Outparcel | 300+ MF Approved
Marketing description
Franklin Street Land Advisory Group is pleased to present 3370 Old Dixie Hwy NE, a 21.83± gross acre development opportunity in Palm Bay, Florida.
The property is zoned, entitled, and site plan approved for 300+ multifamily units and includes a 1.9± acre commercial outparcel. The county has indicated support for a variance/modification that would allow for additional commercial acreage, offering flexibility for mixed-use or expanded retail components.
Located at a signalized intersection with approximately 31,500 vehicles per day on Old Dixie Highway NE and 11,400 vehicles per day on the intersecting corridor, the site offers excellent frontage, visibility, and access.
Palm Bay continues to experience strong residential growth and employment expansion, creating sustained demand for quality multifamily housing and neighborhood-serving retail.
This offering presents a rare opportunity to acquire a scale-ready, entitled development site in one of Brevard County’s fastest-growing submarkets.
Location Description
Prime 21.83± acre development site at a signalized intersection in Palm Bay, FL. Property is zoned, entitled, and site plan approved for 300+ multifamily units and includes a 1.9± acre commercial outparcel. County is supportive of modifications to allow additional commercial acreage. Exceptional frontage with 31,500± VPD.
Investment highlights
- Entitlements already secured – reduces timeline risk
- Immediate path to vertical development
- Potential to increase commercial density
- Ideal for garden-style or BTR product
- Strong traffic counts support retail pad absorption
- High-growth Brevard County location
- Scale opportunity rarely available in this submarket
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