4603 Babcock St Palm Bay, FL 32905

This exceptional 8.16-acre property in Palm Bay, Florida, presents a remarkable development opportunity. Located in Brevard County, the land boasts dual zoning: approximately two acres are zoned HC (Highway Commercial) with roughly 500 feet of frontage on Babcock Street NE, offering significant commercial potential. The remaining six-plus acres are zoned RM-20, allowing for the development of over 100 residential units, ideal for workforce housing. The property's 355,450 square foot lot size provides ample space for a mixed-use development. Its strategic location offers easy access to the Indian River (within 3 miles), A-rated schools, and a variety of retail shops and entertainment options. The property's APN is 28-37-22-00-00254.0. This is a rare chance to acquire a large parcel of land with diverse zoning possibilities in a rapidly growing area. A virtual tour is available online. The asking price is $3,950,000. This prime location and flexible zoning make this an attractive investment for developers seeking a high-return project.