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13507972
13507973

Grogan Ave NE, Palm Bay, FL 32907

VR
FL BK3454072
PALM BAY LAND
Listed by PALM BAY LAND
$1,300,000
1395 days on market
Updated 82 days ago

Great Charter School, Estate Homes, Cell Tower, Bill Board

Details
APN 28-37-20-Mh-0000j.0-0000.00
Property Type Land
Sub Type Residential, institutional
Acreage 6.990
Zoning RES, IU
Ownership Fee Simple
Sale Condition For sale by owner

Land 6.99 acres Great location for a Charter School and estate homes, bill board, Cel Tower

Marketing description

Exclusive Land Opportunity with I-95 Exposure and Proximity to Schools and Shopping Areas

An Exceptional Property Comprising Two Parcels for Discerning Investors

Introducing an extraordinary real estate opportunity, featuring two distinct parcels that offer I-95 exposure and easy access to sought-after amenities and schools.

Property Highlights:

  • Dual Zoning: The front 0.5-acre parcel is currently zoned RS, while the rear parcel spans a substantial 6.49 acres and is zoned for Institutional use. The future land use designation is “Utilities,” providing a wide range of possibilities, including rezoning for specific purposes.

  • Multiple Homes or Estate: The property can be strategically divided to accommodate the construction of up to four homes by subdividing each of them into two parcels, all while adhering to the existing zoning regulations. Alternatively, a well-planned reconfiguration can yield multiple half-acre lots with the addition of a cul-de-sac, ideal for estate home development.

  • Prime Location with I-95 Exposure: This property is strategically situated with I-95 exposure, ensuring visibility and access. It offers a convenient location within proximity to Lochmar Elementary and Hammock Landing, a thriving commercial hub featuring major retailers such as Publix, Target, Kohl's, Ross, Marshall, Dollar Tree, and a variety of dining establishments.

  • Diverse Usage Options: Consider this property for a place of worship, commercial ventures, or as an excellent location for a cell tower or billboard with the potential for long-term lease and income generation.

  • Owner Financing Available: The owner is open to facilitating the acquisition with favorable financing terms, ensuring flexibility for interested investors.

This property stands as an exemplar of versatility and potential, suited for an array of projects ranging from residential development to commercial endeavors. Its strategic location, combined with dual zoning, makes it a rare find in the real estate market.

Investment highlights

Property Investment Highlights:

I. Prime Location:

  • I-95 Exposure: The property enjoys exceptional visibility and access from the highly traveled I-95, providing a significant advantage for any commercial venture.

II. Diverse Zoning:

  • Dual Zoning: With RS zoning for the front 0.5-acre parcel and Institutional zoning for the 6.49-acre rear parcel, this property offers a wide range of potential uses.

III. Residential Development:

  • Multiple Homes: Subdivide the property to create up to four homes with the existing zoning, or explore a replat for multiple half-acre lots, including the addition of a cul-de-sac, ideal for estate home development.

IV. Commercial Potential:

  • Convenient Access: Located in close proximity to major shopping areas, including Hammock Landing with prominent retailers, making it an excellent site for commercial ventures.

V. School Proximity:

  • Educational Access: With schools like Lochmar Elementary nearby, this property is ideal for residential development catering to families.

VI. Income Opportunities:

  • Billboard or Cell Tower: Explore the potential for leasing land for a billboard or cell tower, providing long-term income opportunities.

VII. Owner Financing:

  • Flexible Financing: The owner offers favorable financing terms, enhancing accessibility for potential investors.

VIII. Growing Area:

  • Rapid Growth: Positioned in an area experiencing substantial growth, driven by tech companies and the newly approved Space Force base, offering long-term investment potential.

IX. Strategic Location:

  • Centrally Located: Situated between Jacksonville and Miami, the property is an hour and a half east of Orlando, making it an attractive midpoint for various business opportunities.

X. Versatile Investment:

  • Versatility: This property offers diverse investment options, from residential development to commercial enterprises, enhancing its value and potential returns.

XI. Rare I-95 Exposure:

  • Visibility: The property's location alongside I-95 ensures constant exposure, making it a prime site for businesses seeking maximum visibility.

XII. Proximity to Shopping Areas:

  • Shopping Convenience: Major retail centers and dining establishments are within a short distance, catering to residents and businesses alike.

XIII. Proximity to Schools:

  • Family-Friendly: The property's proximity to educational institutions like Lochmar Elementary enhances its appeal for families looking for a new home.

This property represents a unique and versatile investment opportunity with a wide range of potential uses, long-term income prospects, and a strategic location that positions it for success in a rapidly growing area. Contact us today to explore this exceptional real estate venture.

For inquiries and to learn more about owner financing options, please don't hesitate to reach out.

Listing Contacts

VR
FL BK3454072
PALM BAY LAND
Listed by PALM BAY LAND

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Additional Information

Name
Vahid Rajabian
License
BK3454072
Brokerage
M. David Moallem, Inc.
Brokerage Phone
321-333-7230
Title
Real Estate Broker Associate
Brokerage Address
1663 Georgia Street Northeast
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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