Multifamily, Commercial, or Mixed use, townhome, 18 Acres
Land of un-entitled 18 acres Multi-use
Marketing description
Prime 18-Acre Development Opportunity in Rapidly Expanding Palm Bay, Florida
Seize a rare opportunity to invest in the burgeoning city of Palm Bay, Florida. This exceptional 18-acre parcel of unentitled land presents a versatile canvas for visionary developers and astute investors seeking to capitalize on the area's explosive growth.
Strategic Location and Flexibility Situated along the bustling Babcock Street in Southeast Palm Bay, this property is poised to benefit from planned infrastructure improvements, including future road widening projects. The site offers unparalleled flexibility, with the option to develop as a single parcel or divide into 4-14 or 5-13-acre plots, catering to diverse development strategies.
Diverse Development Potential The property's current residential land use, coupled with flexible zoning options, opens a myriad of possibilities:
55+ communities
Senior living accommodations
Townhome developments
Multifamily housing with up to 20 units per acre
Mixed-use developments combining commercial and residential elements
Thriving Market Dynamics Palm Bay's robust growth trajectory is evidenced by Brevard County's recent approval of a 3,000-home community just minutes south of this property. This significant development underscores the area's rapidly expanding population and increasing demand for housing and commercial services.
Infrastructure and Accessibility
Proximity to newly constructed I-95 interchanges (166 and 173)
Minutes from Palm Bay Hospital and major retailers (Walmart, Publix, Home Depot, Lowe’s)
Strategic position between Jacksonville and Miami, with Orlando just an hour's drive west
Key route along Babcock Street connecting to Micco, Fellsmere, and Sebastian southward, and Melbourne northward
Development-Ready with Financial Incentives
Water at the property and sewer are readily available nearby
Investment Highlights
Prime location in one of Florida's fastest-growing cities
Flexible development options to maximize ROI
Strong market fundamentals with increasing population and housing demand
Potential for mixed-use development to capture both residential and commercial growth
This property represents a unique opportunity to invest in Palm Bay's future, leveraging its strategic location and growth potential. Savvy investors will recognize the value proposition in this versatile parcel, positioned to capitalize on the city's expanding footprint and evolving needs.
A land study was performed in 2023 along with a survey. Reach out for a copy to make your underwriting easier
For detailed information and to explore this exceptional investment opportunity, please contact Vahid Rajabian at 321-333-7230 or vahid@palmbayland.com.
Invest in Palm Bay's promising future – where vision meets opportunity.
Investment highlights
Investment Highlights for the Property in Palm Bay, Florida
Prime Development Opportunity.
Diverse Usage Potential: The property boasts endless possibilities for development, 55+ communities with attractive densities, senior living accommodations, townhomes, medical facilities, and multifamily housing with generous densities. Investors can tailor their vision to meet the demands of the growing community.
Strategic Location: Situated on the bustling Babcock Street in Southeast Palm Bay, this property benefits from its proximity to planned road widening projects. Babcock Street serves as a vital artery, offering convenient access to major interchanges, Palm Bay Hospital, and prominent retail establishments, including Walmart, Publix, Home Depot, and Lowes.
Easy Access to Infrastructure: The property enjoys proximity to the newly constructed I-95 interchanges (166 and 173), facilitating seamless connectivity to major transportation routes. This accessibility positions the property as an ideal location for a distribution center or other commercial ventures.
Strategic Growth: Palm Bay, strategically located in eastern central Florida, is experiencing robust growth and serves as a pivotal hub between Jacksonville and Miami. Its proximity to Orlando, just an hour away, makes it an appealing destination for businesses and residents alike.
Zoning Flexibility: The property's current residential land use provides a blank slate for investors to define their desired zoning specifications, allowing for tailored development according to their investment strategy.
Experienced Point of Contact: For inquiries, additional information, or to discuss this investment opportunity in detail, please contact Vahid Rajabian at 321-333-7230 or via email at vahid@palmbayland.com.
Investors looking to capitalize on the flourishing growth of Palm Bay, Florida, and take advantage of this exceptional real estate offering should act swiftly to secure this promising investment.
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