FL Palm Bay Rd Palm Bay, FL 32909

This exceptional 3.86-acre parcel sits at the prominent corner of Cogan Drive and Babcock Street SE in Palm Bay, Florida, within the 32909 zip code. Currently zoned Rural Residential, this property presents a compelling opportunity for developers and investors seeking significant upside. The land's strategic location offers excellent visibility and accessibility. The area boasts impressive growth statistics, with a 9% increase last year and a projected 20% growth rate over the next five years, making this a prime investment prospect. The expansive lot size allows for diverse development possibilities, subject to necessary rezoning approvals. The asking price is $1,790,000. This property is being offered for sale by owner. Detailed zoning information and potential development plans should be verified independently with Brevard County authorities. Serious inquiries are encouraged to explore the full potential of this remarkable land offering in a rapidly expanding Florida market. The property is located in Brevard County, Florida.