Multifamily land for sale, Palm Bay, Florida
3.2 acres multifamily zoning - Great location
Marketing description
Up-and-coming area just blocks east of I-95. Palm Bay is located southeast of Orlando in East Central Florida between Jacksonville and Miami, and ranked #7 in Best Cities to Buy a House in America by niche.com. Environmental studies completed for this unique 3.2-acre residential parcel. Public water and sewer may be available and must be verified by the buyer. Prime frontage on Malabar Rd, a designated high-traffic corridor, and just one block from Health First Palm Bay Hospital, a major regional employer that supports consistent housing demand and long-term occupancy.
Ideal for development under the Live Local Act (SB 102): potential multifamily/mixed-use opportunity with 40% affordable units to pursue increased density/height/use allowances and possible incentives (subject to eligibility). Buyer to verify zoning, Live Local qualifications, and all development parameters with the City of Palm Bay.
Once CA is fully executed, you will get access to the environmental study and survey!
Investment highlights
Up and coming are just blocks east from I-95.
Palm Bay is located southeast of Orlando in east Central Florida between Jacksonville and Miami.
Ranked #7 in Best Cities to Buy a House in America by niche.com.
Environmental studies completed for this amazing and unique parcel.
Public water and sewer are available to serve the Residential Multifamily (RM-15) from the abutting Malabar Rd.
The RM-15 allows for Multiple-family dwellings provided that in no case shall there be more than fifteen (15) dwelling units per gross residential acre
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