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6950 Babcock Street

Palm Bay, FL 32909

$4,950,000 $20,869/Mo

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Overview

18.27

Acres(Lot)

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 grow ing 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.

Property Details

Property Type : Land

Price : $4,950,000

AD Id : 57612365

MLS Id : 1012051

Lot Size : 18.27 Acres(Lot)

County : Brevard

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Sewer: Septic Tank
Heating & Cooling

WaterSource: Public

Pool Information

None
Road Types

Asphalt, Paved

City Street
Pool Features

None

Lot Information

Lot Dimensions: 133 X 600 Lot Description: Corner Lot, Split Possible, Wooded Lot Size Area: 18.27 Acres Lot Square Feet: 795,841

Property Information

Property Type: Land Sub Type: Unimproved Land Subdivision: None MLS Area Minor: 343 - SE Palm Bay Source Neighborhood: None

Listing Price Information

Listing Id: 1012051 ist Price: $4,950,000 Listing Terms Cash
Listing Information

Possession: Close Of Escrow

Tax Information

Parcel Number: 29-37-09-00-00753.0-0000.00 Annual Tax: $6,604 Tax Year: 2023

Virtual Tour

Virtual Tour (External Link)

School Information

Elementary School: Columbia

Elementary School District:

Junior High School: Stone

Senior High School: Bayside
Utility Information

Electricity Available, Sewer Not Available, Water Available
Location Information

Direction: I-95 to Malabar East, right at Babcock property is on the NW corner of Babcock and Agnes.

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