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1636 Water Dr NE
Palm Bay, FL 32905
Water Drive NE · Land For Sale · 3.21 AC

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use Hospitality
Total Lot Size 3.21 AC
Zoning BMU - Bayfront Mixed Use

DESCRIPTION

Adelon Capital is seeking a partner for the hotel site of their new development project in Palm Bay, Florida. This prime ± 3.21-acre site offers over 150' of frontage adjacent to HWY US-1, providing unobstructed water views of the Indian River Lagoon and direct views of weekly rocket launches at Space X, making it an ideal location in the Space Coast of Florida. The mixed-use site includes four buildings with bay views and water features in each of the 264 apartment units, which come with top-of-the-line amenities. The 120 key hotel site is now available for sale, providing a unique investment opportunity. Investment Highlights: Only 10 minutes away from Melbourne Orlando International Airport! Conveniently located just 3.5 miles from Downtown Melbourne. High traffic counts on nearby highways: HWY US1 with approximately 34,500 vehicles per day and Palm Bay Rd with approximately 29,000 vehicles per day. Located within a 30-minute proximity to the Kennedy Space Center, SpaceX, and Blue Origin. Over 200 tech firms and aviation defense contracting firms are located within a 20-mile radius. Just 4 miles away from Florida Institute of Technology, with 6,500 students within a 5-mile radius.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 28-37-24-25-00000.0-000T.00
  • 28-37-24-25-00001.0-0002.00
  • 28-37-24-25-00000.0-000T.01
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$538,400
  • Listing ID: 28213658

  • Date on Market: 4/12/2023

  • Last Updated:

  • Address: 1636 Water Dr NE, Palm Bay, FL 32905

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