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1568 Water Dr NE - 1568 WATER DR NE PALM BAY FL 32905 2.46 Acres of Commercial Land Offered at $4,000,000 in Palm Bay, FL 32905
Executive Summary
Development Opportunity:
The City of Palm Bay is highly motivated to see this site developed, with strong support for multifamily or retail use. This offering includes over 2.5 acres of prime waterfront land, ideally positioned for a high-impact project. The property benefits from city cooperation, including access to a boat ramp and waterfront rights owned by the city, creating added flexibility and long-term value. With its desirable location, scale, and municipal support, this site presents a rare opportunity for developers seeking a waterfront project with upside.
The City of Palm Bay is highly motivated to see this site developed, with strong support for multifamily or retail use. This offering includes over 2.5 acres of prime waterfront land, ideally positioned for a high-impact project. The property benefits from city cooperation, including access to a boat ramp and waterfront rights owned by the city, creating added flexibility and long-term value. With its desirable location, scale, and municipal support, this site presents a rare opportunity for developers seeking a waterfront project with upside.
Property Facts
| Price | $4,000,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Proposed Use | ||
| No. Lots | 1 | Total Lot Size | 2.46 AC |
| Zoning | BMU - Business Mixed Use | ||
| Price | $4,000,000 |
| Sale Type | Investment |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 2.46 AC |
| Zoning | BMU - Business Mixed Use |
1 Lot Available
Lot
| Price | $4,000,000 | Lot Size | 2.46 AC |
| Price Per AC | $1,626,016.26 |
| Price | $4,000,000 |
| Price Per AC | $1,626,016.26 |
| Lot Size | 2.46 AC |
Development Opportunity: The City of Palm Bay is highly motivated to see this site developed, with strong support for multifamily or retail use. This offering includes 2.5 acres of prime waterfront land, ideally positioned for a high-impact project.
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1568 Water Dr NE - 1568 WATER DR NE PALM BAY FL 32905
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