6950 Babcock St Palm Bay, FL 32909

This exceptional 18-acre commercial land parcel in Palm Bay, Florida, presents a remarkable investment opportunity. Located on Babcock Street SE, this property boasts 795,841 square feet of unentitled land, ideal for various developments. The site is conveniently situated near the newly constructed I-95 interchanges (166 and 173), providing easy access to major transportation routes. Its location also benefits from proximity to planned Babcock Street widening projects, addressing the area's growing population. The property offers flexibility, divisible into smaller plots ranging from 4 to 14 acres, catering to diverse development plans. Potential uses include a 55+ community (4-6 units per acre), senior living facilities, townhomes, multifamily housing (up to 20 units per acre), or commercial ventures, or a combination thereof. Nearby amenities include Palm Bay Hospital and major retailers like Walmart, Publix, Home Depot, and Lowe's. Babcock Street provides convenient access to Micco, Fellsmere, Sebastian to the south and Melbourne to the north. Palm Bay's strategic location in east-central Florida, between Jacksonville and Miami, and an hour from Orlando, enhances its appeal. The current land use is residential, with zoning adaptable to your project. Utilities are readily available, and the city offers incentives through impact fee credits and future rebates. This property represents a unique chance to capitalize on Palm Bay's significant growth.