6950 Babcock Street SE,Palm Bay, FL 32909
Palm Bay, FL 32909
Description
Discover a prime real estate opportunity in the thriving city of Palm Bay, Florida. This remarkable property offers 18 acres of unentitled land, providing a blank canvas for single or multi-use development. Whether you seek a substantial parcel or a more tailored portion. The future potential for this land is vast, making it an attractive investment opportunity for various prospects: a quaint 55+ community with a density of 4 to 6 units per acre, senior living accommodations, town homes, and multifamily housing with a density of up to 20 units per acre. Also, Commercial, or a mix of the two. Situated along Babcock Street, a well-traveled thoroughfare in Southeast Palm Bay, this property benefits from its proximity to planned future widening projects. The expansion is a response to the growing number of residents in the area, access to major infrastructure and with the newly built I-95 interchanges (166 and 173) nearby are the key features of this location. Discover a prime real estate opportunity in the thriving city of Palm Bay, Florida. This remarkable property offers 18 acres of unentitled land, providing a blank canvas for single or multi-use development. Whether you seek a substantial parcel or a more tailored portion, this offering can be divided into 4-14 or 5-13-acre plots, allowing for endless possibilities. The future potential for this land is vast, making it an attractive investment opportunity. Consider the various prospects: a quaint 55+ community with a density of 4 to 6 units per acre, senior living accommodations, town homes, and multifamily housing with a density of up to 20 units per acre. Situated along Babcock Street, a well-traveled thoroughfare in Southeast Palm Bay, this property benefits from its proximity to planned future widening projects. The expansion is a response to the growing number of residents in the area, access to major infrastructure is a key feature of this location, with the newly built I-95 interchanges (166 and 173) nearby. Additionally, Palm Bay Hospital, and major retail giants such as Walmart, Publix, Home Depot, and Lowes, are all just minutes away. Babcock Street serves as a crucial route to destinations southward to Micco, Fellsmere, and Sebastian, and northward to Melbourne. Palm Bay itself is experiencing significant growth and is strategically positioned in eastern central Florida, making it an ideal hub between Jacksonville and Miami. With its proximity to Orlando, just an hour's drive west, and its easy access to major highways, The current land use is residential, with zoning subject to your desired specifications. Utilities are close by, and the city gives concessions for the cost through credit on impact fees and future rebates. To explore this unique opportunity further, take advantage of our 30-day free look period. For inquiries and additional information, please contact Vahid Rajabian at 321-333-7230 or via email at vahid@palmbayland.com. Invest in the future of Palm Bay, where growth knows no bounds, and seize this exceptional real estate offering today.
Details
| MLS # | 1012051 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 894 |
| Listing Provided By | M. David Moallem, Inc | Vahid Reza Rajabian |
Features
| Acreage | 18.27 |
|---|
Exterior
| Lot Features | Corner Lot, Split Possible, Wooded |
|---|---|
| Pool Features | None |
Utilities
| Utilities | Electricity Available, Sewer Not Available, Water Available |
|---|---|
| Sewer | Septic Tank |
| Water Source | Public |
Location
| Senior Community Yes / No | No |
|---|---|
| Road Surface Type | Asphalt, Paved |
| General Sp Property Sp Information Co Road Sp Frontage Sp Feet | 1300 |
| General Sp Property Sp Information Co Water Sp Body Sp Access Sp Yn3 | No |
Taxes
| Tax Annual Amount | 6604.01 |
|---|---|
| Tax Year | 2023 |
| Tax Legal Description | LOT 1 OF FLORIDA INDIAN RIVER LAND CO PB 1 PG 165 EX R/W |
Area Information
| State | FL |
|---|---|
| County | Brevard |
| City | Palm Bay |
| Zip Code | 32909 |
| Area | SE Palm Bay |
| Subarea | SE Palm Bay |
| School District | Bayside |
| Elementary School | Columbia |
| High School | Bayside |
| Listing VS Median (in 32909) | |
Price: $4,950,000 low | high Med: $339,900 On site: 894 low | high Med: 42.5 | |
Market Activity 32909
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Learn More About This Property
| State | FL |
|---|---|
| County | Brevard |
| City | Palm Bay |
| Zip Code | 32909 |
| Area | SE Palm Bay |
| Subarea | SE Palm Bay |
| School District | Bayside |
| Elementary School | Columbia |
| High School | Bayside |
| Listing VS Median (in 32909) | |
Price: $4,950,000 low | high Med: $339,900 On site: 894 low | high Med: 42.5 | |