St. Johns Heritage Pkwy & Emerson Dr Palm Bay, FL 32904

Located in Palm Bay, Brevard County, this commercial opportunity is situated near the intersection of St. Johns Heritage Parkway and Emerson Drive. The location is surrounded by Lennar's Everlands community, which includes 4,000 homes. The area is experiencing residential growth, with over 14,000 new homes approved or under construction within a 3-mile radius. A traffic signal is fully funded, approved, and scheduled for installation later this year. Directly north of the site is the Platt Ranch, which has approvals for 4,672 homes, approximately 500,000 square feet of commercial space, and multiple schools with a capacity of 1,700 students. The 4-laning of St. Johns Heritage Parkway from Highway 192 to Malabar Road is scheduled to begin later this year, and the 4-laning of Emerson Drive has already commenced to the east of the site and shall continue to St. Johns Parkway. St. Johns Heritage Parkway is the primary route for local residents commuting to work to the north. The parkway is planned to be extended south from Malabar Road, ultimately connecting to Interstate 95. A new Publix-anchored shopping center is located just over two miles south at the northwest corner of St. Johns Heritage Parkway and Malabar Road. The available space ranges from 1,300 to approximately 9,014 square feet. Outparcels of 0.86 acres and 1.01 acres are available for ground lease or purchase, with approximately 300 feet of frontage on St. Johns Heritage Parkway and approximately 500 feet on Emerson Drive. Estimated delivery is Q4 2026. Access is available from St. Johns Heritage Parkway and Emerson Drive. Average Annual Daily Traffic (AADT) is 9,400 on Emerson Drive and 8,700 on St. Johns Heritage Parkway. There are approximately 2,500 students in this area with 1,700 additional planned.