1568 Water DR NE, Palm Bay, FL 32905
1568 Water DR NE, Palm Bay, FL 32905
1568 Water DR NE, Palm Bay, FL 32905
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$4,000,000
Est. payment /mo
2.46 Acres Lot
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Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Palm Bay Map Number 1

MLS Listing ID 1072015

Annual Tax Amount $2,818

Tax Year 2025

Lot Size 2.460 Acres

Acres 2.46

Property Sub-Type Unimproved Land

Source Space Coast MLS (Space Coast Association of REALTORS®)

Property Description

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 multifamily apartments, mixed-use residential and retail, hotel, medical or professional office, townhomes, or a destination retail center designed to serve the rapidly expanding surrounding communities.

Location

State FL

County Brevard

Area 340 - Ne Palm Bay

Direction Just North of Palm Bay Rd and US1 on Water Dr.

Exterior

Exterior Feature ExteriorFeatures

Utilities Available Water Available

Present Use Mixed Use

Road Frontage Highway

Garage No

Building

Lot Description Other

Sewer Public Sewer

Water Public

Schools

Elementary Schools Palm Bay Elem

High Schools Palm Bay

Others

Senior Community No

Tax ID 28-37-24-27-00005.0-0005.00

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition Corporate Owned


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Space Coast Association of Realtors (Brevard MLS)
Listed by Relentless Real Estate Co.

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Relentless Real Estate

+1(321) 745-0535

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1568 Water DR NE