River's Edge
Retail | 39,234 SqFt
Marketing description
This 6.36-acre waterfront campus in Palm Bay’s Bayfront Community Redevelopment District offers exceptional redevelopment potential with over 850 feet of frontage along the Indian River Lagoon and 530 feet on US Hwy 1. The property includes two buildings totaling 39,234 SF: a recently renovated 29,617 SF main building (70% office space, 30% shell) and a 9,257 SF secondary building (shell, currently used for storage). Zoned for high-density multifamily, corporate or medical offices, retail, and hospitality, the site features dual access points, two parking lots, and seamless connectivity to the area's ongoing transformation. Located in the Bayfront Village, the city’s redevelopment vision focuses on creating a vibrant, mixed-use, pedestrian-friendly community with waterfront-themed public spaces, enhanced infrastructure, and thriving commercial activity. Nearby projects include the Aqua development and a planned 370-unit multifamily community, further enhancing the investment appeal of this prime property.
Investment highlights
Located within Palm Bay's Bayfront Community Redevelopment District (BCRD), this property benefits from flexible zoning that supports a variety of high-value uses, including high-density multifamily housing, corporate or medical offices, retail, and hospitality. The district’s zoning aligns with the city’s redevelopment vision to create a vibrant, mixed-use, pedestrian-friendly community with a waterfront theme. This flexibility makes the site an ideal candidate for developers seeking to capitalize on the area’s evolving infrastructure and growing demand for mixed-use projects. The BCRD encourages projects that enhance the community’s aesthetic appeal and economic vitality while preserving its prime waterfront location.
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