1568 Water Drive Ne Palm Bay Palm Bay, FL 32905

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Listed by Chrissy Hayden Show Phone

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Added: Jul 4 Updated: Jul 21 at 6:33PM Checked: Jul 21 at 6:33PM

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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.

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)

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FAQs

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 $3,000,000.

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)