Waterfront Commercial Land with Approved
For Sale
$1,495,000
1853 NE Wabun Street Sfr, Palm Bay, FL 32905
Approved site plan supports waterfront multifamily development with utilities already in place.
Property Size1,184 SF
Price / SF$1,262
Days on Market40
Property Features for 1853 NE Wabun Street Sfr
General Information
Standard status
Active
Size
1,184 SF
Listing Agency:
Reach Commercial Real Estate
(321) 300-4773
Listed By:
Cassandra Hartford · License #3296024
(321) 300-4773
Source:
Startbrevardsearch
Added: Jul 22
Changed: Aug 29
Last Checked: Aug 29 at 5:12PM
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 Reach Commercial Real Estate
Investment Insights
Based on property information with market context.
This 1.77-acre commercial land parcel has direct frontage along the Indian River Lagoon and an approved site plan for a 35-unit multifamily project. The planned mix includes 10 one-bedroom, 20 two-bedroom, and 5 three-bedroom residences, averaging 1,149 SF, with each unit oriented toward the water. Utilities are already in place.
The plan also provides 65 parking spaces, four EV chargers, a pool, a mailroom with parcel lockers, and outdoor grilling areas. Located at 1853 NE Wabun Street in Palm Bay, the property combines waterfront land with a defined residential development plan.
The plan also provides 65 parking spaces, four EV chargers, a pool, a mailroom with parcel lockers, and outdoor grilling areas. Located at 1853 NE Wabun Street in Palm Bay, the property combines waterfront land with a defined residential development plan.
Key Highlights
- 1.77‑acre commercial land parcel with direct Indian River Lagoon frontage
- Approved site plan for 35 multifamily units
- Unit mix includes 10 one‑bedroom, 20 two‑bedroom, and 5 three‑bedroom residences
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
292
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 - Approved site plan supports waterfront multifamily development with utilities already in place.
Where is this commercial land located?
The property is located at 1853 NE Wabun Street Sfr Palm Bay, FL.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 1.77‑acre commercial land parcel with direct Indian River Lagoon frontage; Approved site plan for 35 multifamily units; Unit mix includes 10 one‑bedroom, 20 two‑bedroom, and 5 three‑bedroom residences
