6950 Babcock Street SE
Palm Bay, FL, 32909 $ 4,950,000
Baths0.0 Monthly Estimate*
$ 32,899
Studio
for $4,950,000. The lot size is 18.27.
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 vahid@palmbayland.com. Invest in the future of Palm Bay, where growth knows no bounds, and seize this exceptional real estate offering today.
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FeaturesGeneralSewer 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 N
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 N
Senior Community Y/N N
MLS Area 343 - SE Palm Bay
Lot Size Square Feet 795841.0
Waterfront Y/N N
Street Name Babcock
Elementary School Columbia
Land Lease Y/N N
Tax Annual Amount 6604.01
Home Warranty Y/N N
Middle/Junior High School Stone
Lease Renewal Y/N N
MLS Area Minor 343 - SE Palm Bay
Lease Considered Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/spc/1012051
Standard Status Active
Legal Description LOT 1 OF FLORIDA INDIAN RIVER LAND CO PB 1 PG 165 EX R/W
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ExteriorLot Features Corner Lot Split Possible Wooded
Water Source Public
Lot Size Area 18.27
Spa N
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 N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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InteriorBasement (Y/N) N
Street Suffix Street
Electric On Property Y/N N
Total Baths 0
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* Excluded FeaturesList ByM. David Moallem, IncBroker
vahid@palmbayland.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $32,899
- Monthly Property Taxes
- $550
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Palm Bay, FL
Average List Price $174,722
Percent of Sale Price 96%
About Palm Bay, FL 114,606 Population
45% Since 2002
$ 44,162 Median Income
40.87 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
1363003 Elementary School
1362921 Middle School
Bayside High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/26/2024 | $4,950,000 | | Listed Price |