Multi-Use Development
For Sale
$4,000,000
1568 Water Drive Ne Palm Bay, Palm Bay, FL 32905
BMU-zoned development land with City interest for activation and flexibility for multiple commercial and residential project types.
Property SizeContact for details
Lot Size2.50 Acres
Days on Market48
Property Features for 1568 Water Drive Ne Palm Bay
General Information
Standard status
Active
Lot size
2.50 Acres
Property subtype
Land
Zoning
BMU
Taxes and HOA fees
Annual Taxes
$2,818
Amenities
Other
Public
2.46
Highway
Listing Agency:
The Real Estate Collection LLC
(407) 656-7814
Listed By:
Chrissy Hayden · License #SL3533505
(407) 656-7814
Source:
Therealestatecollection
Added: Jul 4
Changed: Aug 9
Last Checked: Aug 20 at 4:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Real Estate Collection LLC
Investment Insights
Based on property information with market context.
This offering is a BMU-zoned commercial development site in Palm Bay. The property is presented as development-ready and sized to support meaningful scale, with an emphasis on flexibility for a variety of project concepts. The City of Palm Bay has expressed strong interest in seeing the site activated, with support noted for multifamily, retail, mixed-use, hospitality, or service-oriented development, with buyer to verify all details.
The seller’s materials describe the site as being located within a growing commercial corridor and highlight that large, development-ready parcels are becoming limited. Prospective buyers are encouraged to confirm feasibility and final entitlements for their intended use. Potential concepts referenced in the remarks include multifamily apartments, mixed-use residential and retail, hotel, medical or professional office, townhomes, and destination retail serving surrounding communities.
The seller’s materials describe the site as being located within a growing commercial corridor and highlight that large, development-ready parcels are becoming limited. Prospective buyers are encouraged to confirm feasibility and final entitlements for their intended use. Potential concepts referenced in the remarks include multifamily apartments, mixed-use residential and retail, hotel, medical or professional office, townhomes, and destination retail serving surrounding communities.
Key Highlights
- 2.46‑acre commercial development site with BMU zoning and highway road frontage
- Public water source available (public water)
- City of Palm Bay has expressed interest in site activation with support for multiple project types (buyer to verify)
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
856
Businesses Nearby
Explore this area
Business Placement
Demographics for 32905, FL
26,064
Population
12,635
Households
2.1
Avg Household Size
45
Median Age
27%
College-Educated
91%
High-School Grad
9.7 sq mi
ZIP Area
2,687
Density / Sq Mi
$56,671
Median Household Income
$31,688
Median Earnings
$1,361
Median Rent
$206,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - BMU-zoned development land with City interest for activation and flexibility for multiple commercial and residential project types.
Where is this commercial land located?
The property is located at 1568 Water Drive Ne Palm Bay Palm Bay, FL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 2.46‑acre commercial development site with BMU zoning and highway road frontage; Public water source available (public water); City of Palm Bay has expressed interest in site activation with support for multiple project types (buyer to verify)
