Property 8986784

Residential Development Opportunity

Palm Bay FL 32909  |  Brevard County, FL
  • $5,000,000
  • 41.41 acres

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Listing Status: Active
Listing Type: Sale
Property Type(s):
Irrigated: No
Residence: No
Property ID: 8986784
Property Website

Property Description

The property offering consists of approximately 41.41 acres of residential land
acreage.
Parcel IDs: 30-37-10-00-250 / 30-37-09-00-1 / Tax Accounts: 3000365 / 3000569
Traffic Counts - Babcock Street: 4,020
Frontage on Babcock Street: 640 feet / 0.12 Mile
Lot Depth from Babcock Street: 2700+/- feet / 0.5 Mile
The property offering consists of approximately 41.41 acres
of residential land acreage.
Zoning: Currenty zoned in Unincorporated Brevard County
as GU which is designated for residential dwellings with a
density requirement of 1 Residence/5 Acres. The Future
Land Use for the property is residential RES-1, with a density
requirement of 1 Residence/2.5 acres, with possible
commercial and borrow pit as possible uses.
Utilities: Well and Septic. The property is not currently
incorporated into the City of Palm Bay utility grid, but the
property is adjacent to the service area and can possibly be
annexed into The City of Palm Bay's service district at a later
date.
Access: Babcock Street is the closest north-south corridor
directly adjacent to the parcel. FDOT is anticipating the
completion of the Micco Road Interchange on I-95 for
November of 2018, less than 5 mies from the site. In
addition, FDOT is anticipating the completion of the 1 mile
extension of the St. John's Heritage Parkway extending west
from Micco Road to Babcock Street in July of 2019, which
will then give this property access from Babcock Street to
the new I-95 Interchange via the St. John's Heritage
Parkway.
Adjacent to the property to the south is the residential
subdivision of Deer Run. These estate-style homes are
situated on 2.5+ acres lots. In the past three years, homes
sold in the Deer Run neighborhood garner an average sale
price of $320,950.

Property Map


Driving Directions

Located on the West side of Babcock Street (SR 507) just north of Willowbrook
Street, approximately 11 miles south of the Palm Bay I-95 Interchange and 10 miles
to US Highway 1 via Micco Road. To the north, The City of Palm Bay boundary line is
adjacent to the property, which opens up the possibility of annexing into the city's
utility system in the future. The commute to the Orlando International Airport is
less than 75 miles (approximately 1 hour and 15 minutes) and 16 miles or 30
minutes to the Melbourne International Airport and Melbourne downtown
shopping.

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Michael Dreyer

Dreyer & Associates

(321) 773-1480 (work)

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Contact Seller

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Michael Dreyer

Dreyer & Associates

(321) 773-1480 (work)

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