0 Grogan Ave Palm Bay, FL 32907

This exceptional 6.99-acre property in Palm Bay, Florida (APN: 28-37-20-Mh-0000j.0-0000.00, Zip: 32907) presents a unique investment opportunity. The land is comprised of two parcels with dual zoning: 0.5 acres zoned RES and 6.49 acres zoned IU. The future land use designation is "Utilities," offering diverse development possibilities. Its prime location boasts I-95 exposure, ensuring high visibility and convenient access. Proximity to Lochmar Elementary School and Hammock Landing's shopping center (including Publix, Target, and other major retailers) adds significant value. The property allows for multiple uses, including residential development (up to four homes or multiple half-acre lots with a cul-de-sac), commercial ventures, or even a cell tower or billboard site, offering potential for long-term lease income. Owner financing is available, providing flexibility for potential buyers. This versatile property is situated between Jacksonville and Miami, an hour and a half east of Orlando, in a rapidly growing area. The strategic location, dual zoning, and I-95 exposure make this a rare and highly desirable investment.