Active

6950 Babcock Street SE

Palm Bay FL, 32909

$4,950,000


$6.22 per sqft

Active

18.27 Acres

Land

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 [email protected]. Invest in the future of Palm Bay, where growth knows no bounds, and seize this exceptional real estate offering today.

1012051

MLS ID

April 25, 2024

Listed

November 13, 2024

Updated

Map

6950 Babcock Street SE
Palm Bay FL, 32909

Exterior/Building Features

Lot Size

18.27 Acres


Lot Features

Corner Lot, Split Possible, Wooded


Sewer

Septic Tank

School Information

High School

Bayside


Elementary School

Columbia

Other Property Details

Area Name

343 - SE Palm Bay


Taxes

$6,604


Tax Frequency

Annually


Garage

No


View

No


County

Brevard


Water Source

Public


Pool

No


Pool Features

None

Courtesy of M. David Moallem, Inc, Vahid Reza Rajabian,
Listing Contact: 321-724-2424 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor KELLIE BOWLING shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 FL - MLS of South Brevard & the Space Coast Association of REALTORS (SPACE). All rights reserved.

 

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