Adult 55+
Address
6950 Babcock Street SE, Palm Bay, FL
Price
$ 4,950,000
Property Attributes
- MLS#1012051
- TypeLand
- CountyBREVARD
- CityPalm Bay
- AreaSE Palm Bay
- Zip32909
- StyleUnimproved Land
- Taxes$ 6604
- Price$ 4,950,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size18.27 Acres
Data Source:
Space Coast AOR
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.
| Elementary School | Middle School | High School |
|---|---|---|
| Columbia Elementary School | Stone Middle School | Bayside High School |
| Price History | |
|---|---|
| 4/26/2024 | Listed $4,950,000 |
General Features
| Sewer | Septic Tank |
|---|---|
| Utilities | Electricity Available,Sewer Not Available,Water Available |
| Possession | Close Of Escrow |
| Pool Features | None |
| Property SubType | Unimproved Land |
| Tax Year | 2023 |
| Current Use | Unimproved |
| County | Brevard |
| Property Type | Land |
| HOA / Comm Assn | No |
| Subdivision Name | None |
| Status | Active |
| Directions | I-95 to Malabar East,right at Babcock property is on the NW corner of Babcock and Agnes. |
| High School | Bayside |
| City | Palm Bay |
| View Y/N | No |
| Senior Community Y/N | No |
| MLS Area | 343 - SE Palm Bay |
| Lot Size Square Feet | 795841.0 |
| Waterfront Y/N | No |
| Street Name | Babcock |
| Elementary School | Columbia |
| Land Lease Y/N | No |
| Tax Annual Amount | 6604.01 |
| Home Warranty Y/N | No |
| Middle/Junior High School | Stone |
| Lease Renewal Y/N | No |
| MLS Area Minor | 343 - SE Palm Bay |
| Lease Considered Y/N | No |
| Virtual Tour | https://www.propertypanorama.com/instaview/spc/1012051 |
| Standard Status | Active |
| MobileHomeRemainsYN | No |
| Legal Description | LOT 1 OF FLORIDA INDIAN RIVER LAND CO PB 1 PG 165 EX R/W |
Interior Features
| Basement (Y/N) | No |
|---|---|
| Street Suffix | Street |
| Electric On Property Y/N | No |
Exterior Features
| Lot Features | Corner Lot,Split Possible,Wooded |
|---|---|
| Water Source | Public |
| Lot Size Area | 18.27 |
| Spa | No |
| Lot Dimensions | 133 X 600 |
| Lot Size Acres | 18.27 |
| Road Surface Type | Asphalt,Paved |
| Lot Size Units | Acres |
| Road Frontage Type | City Street |
| Number of Lots | 1 |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Land Average in 32909
Price
Taxes
Visits
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on May 16, 2024 12:43 PM UTC
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