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Property profile

0000 Cor San Diego St & Babcock St Palm Bay, FL 32909

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 0.27-acre lot presents a unique investment opportunity in Palm Bay, Florida. Located at the highly visible corner of San Diego Street and Babcock Street SE in Port Malabar Unit 18, this oversized parcel offers both commercial and residential development potential. The property boasts city water and sewer availability, simplifying the development process. Its strategic location provides easy access to essential amenities and transportation routes. A mere 2.9 miles (approximately 8 minutes) from a Publix supermarket, this lot ensures convenient access to daily necessities. Commuting is also a breeze, with Bayside High School just 4.5 miles (approximately 11 minutes) away, Melbourne Airport a convenient 10.9 miles (approximately 23 minutes), and the beautiful beaches of Indialantic only 13 miles (approximately 28 minutes) away. The property's address is 0000 Corner San Diego St & Babcock Street SE, Palm Bay, FL 32909. Directions from I-95 exit 173: travel east on Malabar Road for 0.6 miles, turn right onto Babcock Street for 3.9 miles, and then turn right onto San Diego Street. The lot will be on the right-hand corner. This is a truly remarkable opportunity to acquire a versatile property in a thriving area. The asking price is $69,500.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

0000 Cor San Diego St & Babcock St Palm Bay, FL 32909
Palm Bay metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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