1568 Water Drive
Palm Bay, FL 32905
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Bed
0
Bath
2.46Acres(Lot)
Prime commercial development site (BMU) zoned land in one of Palm Bay's fastest-growing corridors. The City of Palm Bay has expressed strong interest in seeing this site activated, with support for multifamily, retail, mixed-use, hospitality, or service-oriented development (buyer to verify). Large, development-ready parcels like this are scarce in PB, that allows for flexible commercial and residential uses. As population growth and infrastructure investment continue to expand across Brevard County, demand for new housing, retail, medical, and lifestyle-oriented projects is accelerating. Opportunities to control nearly 2.5 acres in a strategic location are becoming extremely limited. This site presents developers and investors the ability to create a high-impact project like multif
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Water/Sewer
Sewer: Public Sewer -
Heating & Cooling
WaterSource: Public
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Road Types
Highway
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Lot Information
Lot Description: Other Lot Size Area: 2.46 Acres Lot Square Feet: 107,158Property Information
Property Type: Land Sub Type: Unimproved Land Subdivision: Palm Bay Map Number 1 MLS Area Minor: 340 - NE Palm Bay Source Neighborhood: Palm Bay Map Number 1
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Listing Price Information
Listing Id: 1072015 ist Price: $4,000,000 Listing Terms Cash, Conventional, Other -
Listing Information
Possession: Close Of Escrow
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Tax Information
Parcel Number: 28-37-24-27-00005.0-0005.00 Annual Tax: $2,818 Tax Year: 2025 Taxes: PALM BAY MAP NUMBER 1 LOTS 5,6 & VAC E 10 FT OF OAK ST ON W BLK 5
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School Information
Elementary School: Palm Bay ElemElementary School District:Junior High School: StoneSenior High School: Palm Bay -
Utility Information
Water Available -
Location Information
Direction: Just North of Palm Bay Rd and US1 on Water Dr.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 3085 Indian River Drive, Palm Bay, FL, 32905 | $35,000 | -- | -- | -- | 0.21 Acre(Lot) |
| 1198 Ver Circle, Palm Bay, FL, 32905 | $49,300 | -- | -- | -- | 0.15 Acre(Lot) |
| 2350 Shenandoah Road, Palm Bay, FL, 32905 | $109,900 | -- | -- | -- | Acres (Lot)-- |
| 1085 Clearmont Street, Palm Bay, FL, 32905 | $2,000,000 | -- | -- | -- | 4.45 Acres(Lot) |
| 2035 Marlberry Court, Palm Bay, FL, 32905 | $45,000 | -- | -- | -- | 0.10 Acre(Lot) |
| 2035 Marlberry Court, Palm Bay, FL, 32905 | $45,000 | -- | -- | 4,356 | 0.10 Acre(Lot) |
| 1941 Myrtle Court, Palm Bay, FL, 32905 | $45,000 | -- | -- | -- | 0.09 Acre(Lot) |
| 1941 Myrtle Court, Palm Bay, FL, 32905 | $45,000 | -- | -- | 3,920 | 0.09 Acre(Lot) |
| 4527 S Babcock Street, Palm Bay, FL, 32905 | $3,950,000 | -- | -- | -- | Acres (Lot)-- |
| 750 Riviera Drive, Palm Bay, FL, 32905 | $128,000 | -- | -- | 14,375 | 0.33 Acre(Lot) |
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ByOwner last updated this listing 06/06/2026 @ 03:05
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Homes around $4,000,000
 zoned land in one of Palm Bays fastest-growing corridors....)
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