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Robert J Conlan Blvd Palm Bay, FL 32905

  • Land
  • 26.55 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence

Current Use by Public Records

  • Land

Property Details for 0 Robert J Conlan Blvd

Lot size
26.55 lot acres
Property type
Land

Description

This exceptional 26.5-acre mixed-use development opportunity in Palm Bay, Florida, presents a fully approved site plan for a 100-key full-service hotel and 294 multi-family units. The property comprises four parcels, each with road frontage on Robert J Conlan Blvd NE, strategically located between US1 and Palm Bay Road, a major retail corridor boasting over 11,000 vehicles daily. The hotel component includes a planned 5,000 sq ft conference center and a 1,700 sq ft restaurant/bar, representing Palm Bay's first such facility. The 6.25-acre hotel site features on-site retention, readily accessible utilities, and completed environmental reports (within the past three years), transferable with an accepted purchase agreement. The remaining 20.25 acres are zoned, entitled, and site-plan approved for 294 garden-style apartments, complete with amenities such as a swimming pool and pickleball courts. This prime location offers unparalleled convenience, situated just 0.5 miles from US1 and Palm Bay Road, home to major employers like Renesas Electronics and L3 Harris. Within a one-mile radius, residents and guests will find Florida Institute of Technology, Andretti Thrill Park, Publix, Walmart, and numerous other amenities. The property's APN is 28-37-14-51-1; 28-37-14-51-2; 28-37-14-54-8; 28-37-14-54-7, and is owned by Palm Bay Development Group LLC. All due diligence has recently been completed and is transferable or re-certifiable upon acceptance of an offer. This is a truly unique opportunity to capitalize on a thriving market and a highly desirable location. The zip code is 32905.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use


Location Insight

  • Map
  • Local Demand
City
Palm Bay
County
Brevard
State
Florida
Longitude
-80.5971
Latitude
28.0472
More about this property
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