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9500 Babcock St W
Palm Bay, FL 32909

$65,000,000 USD

Land For Sale  •  2,123 AC

Property Details

  • Property Type Land
  • Lot Size 2,123 AC
  • Zoning GU
0 Transit Score
0 Walk Score

Description 

The Property consists of 2,121+- acres with over one mile of Babcock Street Frontage. Overall concept plan currently submitted to the City of Palm Bay.  Residential Proposed: 2,513 Lots 50 x120 typical lot size. 

Proposed Multi Family:  NORTH PARCEL SURROUNDING THE EXSITING POND: Acreage: 57.7+- (TEN 10) 64 UNIT BUILDINGS. Each Building: (16) 1 Bedrooms , (32)  2 Bedrooms, (16) 3 Bedrooms,  All 4 story buildings. 640 Units Nine(9) 56 UNIT BUILDING. Each Building:(16) 1 Bedrooms, (24) 2 Bedrooms, (16) 3 Bedrooms. All 4 story buildings. 504 Units Total Units: 1,144  SOUTH PARCEL SURROUNDING THE EXISTING POND Acreage: 50+- Ten (18) 64 UNIT BUILDINGS. Each Building (16) 1 Bedrooms, (32) 2 Bedrooms, (16) 3 Bedrooms, All 4 story buildings. 1,604 Units. Total: 2,216. Total Combined Units - 3360 

Current Concept Plan: https://tinyurl.com/yfvff8n5
Property Video and Highlights: https://vimeo.com/ccvideoproductions/review/736863759/b099f34fdd

Highlights

Many major shopping centers, retailers, restaurants, banks, and office/medical buildings destined to expand south.
Income-Producing Land Opportunity! A current geological study shows appx $180,000,000 worth of extractible coquina rock.
Property is 2,123 ± acres with over a mile of frontage on Babcock Street 5,800
Project density: 1.5 units per acre / cap of 3,184 living units /Commercial and office use limited to 180,000 sf

Public Transportation

AirportDriveWalkDistance
Melbourne Orlando International 34 min - 21.0 mi
Michael Dreyer CCIM, ALC 321-773-1480 Dreyer & Associates Real Estate Group
Michael Dreyer CCIM, ALC 321-773-1480 Dreyer & Associates Real Estate Group