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$4,950,000

Est. payment - /mo

18.27 Acres Lot

Active

6950 Babcock ST SE Palm Bay, FL 32909

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Alice Ngoc Adkins

[email protected] +1(407) 710-7770

UPDATED:

11/13/2024 10:54 AM

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1012051

HOA Y/N No

Originating Board Space Coast MLS (Space Coast Association of REALTORS®)

Annual Tax Amount $6,604

Tax Year 2023

Lot Size 18.270 Acres

Acres 18.27

Lot Dimensions 133 X 600

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

Location

State FL

County Brevard

Area 343 - Se Palm Bay

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

Exterior

Exterior Feature ExteriorFeatures

Pool None

Utilities Available Electricity Available, Sewer Not Available, Water Available

Present Use Unimproved

Street Surface Asphalt,Paved

Road Frontage City Street

Garage No

Building

Lot Description Corner Lot, Split Possible, Wooded

Sewer Septic Tank

Water Public

Schools

Elementary Schools Columbia

High Schools Bayside

Others

Senior Community No

Tax ID 29-37-09-00-00753.0-0000.00

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Space Coast Association of Realtors (Brevard MLS)

Listed by M. David Moallem, Inc

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Alice Ngoc Adkins

Broker | License ID: BK3415419

+1(407) 710-7770

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6950 Babcock ST SE Palm Bay, FL 32909

Alice Ngoc Adkins

Key Details

Location

Exterior

Building

Schools

Others

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6950 Babcock ST SE