Ground Lease Retail Development
For Lease
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198 Palm Bay Rd NE, Palm Bay, FL 32905
Approximately 0.83-acre ground lease site on Palm Bay Road NE with high daily traffic and strong commuter visibility.
Space SizeContact for details
Lot Size0.83 Acres
Days on Market98
Property Features for 198 Palm Bay Rd NE
General Information
Standard status
Active
Lot size
0.83 Acres
Property subtype
LAND
Spaces For Lease
at 198 Palm Bay Rd NE
198 Palm Bay Rd NE
AVAILABLE, Now
Type
LAND
Rate
Contact for pricing
Sublease
No
- Epler Park offers a rare 0.83-acre ground lease opportunity on the high-traffic, morning-drive side of Palm Bay Road NE — one of the busiest commercial corridors on Florida's Space Coast, with over 65,500 vehicles passing daily. Positioned for maximum eastbound commuter visibility, the site is ideal for retail, medical, QSR, automotive, or service-based concepts looking to establish a presence in a thriving, high-growth market.
The property benefits from superior access and convenient ingress/egress, with quick connectivity to I-95, Minton Road, and major employment centers throughout Palm Bay. It sits within an established retail corridor anchored by national tenants including Kohl's, Publix, Ross, Target, Chase Bank, Truist, Chipotle, Panera Bread, Burger King, McDonald's, and Space Coast Credit Union — placing any new concept in direct proximity to consistent daily traffic and cross-shopping opportunity.
Demographics support strong trade-area demand: within a 3-mile radius; the site reaches a population of over 81,000 with an average household income of nearly $98,000. Within 5 miles, the trade area expands to more than 163,500 residents and a daytime population exceeding 165,000 — reflecting Palm Bay's continued growth as the largest city in Brevard County and a key landing spot for residents and workers connected to the region's aerospace and defense industry.
With flexible use potential, excellent visibility, and a location surrounded by dense residential neighborhoods and national retailers, Epler Park presents a compelling opportunity for a wide range of commercial concepts.
Contact us
Listing Agency:
Atlantic Commercial Group, Inc
(561) 447-8610
Listed By:
Sean Lunt · License #SL3546969
(850) 320-5000
Source:
Moodyscre
Added: Jul 24
Changed: Oct 26
Last Checked: Oct 28 at 10:17AM
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 Atlantic Commercial Group, Inc
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Investment Insights
Based on property information with market context.
Epler Park offers a ground lease opportunity on approximately 0.83 acres of commercial land along Palm Bay Road NE. The site is positioned for eastbound commuter visibility on the morning-drive side of the corridor and is described as having convenient ingress and egress for practical site access.
The property is located on a high-traffic commercial corridor with over 65,500 vehicles passing daily. It provides connectivity to I-95 and Minton Road, with major employment centers reachable throughout Palm Bay.
The surrounding retail area is anchored by national tenants including Kohl’s, Publix, Ross, Target, Chase Bank, Truist, Chipotle, Panera Bread, Burger King, McDonald’s, and Space Coast Credit Union, supporting a consistent daily shopping environment. The offering notes flexible use potential for retail, medical, QSR, automotive, and service-based concepts within an established corridor.
The property is located on a high-traffic commercial corridor with over 65,500 vehicles passing daily. It provides connectivity to I-95 and Minton Road, with major employment centers reachable throughout Palm Bay.
The surrounding retail area is anchored by national tenants including Kohl’s, Publix, Ross, Target, Chase Bank, Truist, Chipotle, Panera Bread, Burger King, McDonald’s, and Space Coast Credit Union, supporting a consistent daily shopping environment. The offering notes flexible use potential for retail, medical, QSR, automotive, and service-based concepts within an established corridor.
Key Highlights
- Approximately 0.83‑acre ground lease site on Palm Bay Road NE.
- Over 65,500 vehicles passing daily on Palm Bay Road NE.
- Located on the high‑traffic morning‑drive, eastbound commuter‑visibility side of Palm Bay Road NE.
Property Analytics
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Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
420
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Commercial land - Approximately 0.83-acre ground lease site on Palm Bay Road NE with high daily traffic and strong commuter visibility.
Where is this commercial land located?
The property is located at 198 Palm Bay Rd NE Palm Bay, FL.
What are key features of this property?
This property features: Approximately 0.83‑acre ground lease site on Palm Bay Road NE.; Over 65,500 vehicles passing daily on Palm Bay Road NE.; Located on the high‑traffic morning‑drive, eastbound commuter‑visibility side of Palm Bay Road NE.
