1900 Robert J Conlan NE Blvd Palm Bay, FL 32905-2707
This exceptional 6.2-acre parcel in Palm Bay, Florida, presents a unique opportunity for hotel development. Currently zoned PUD, it allows for a 100-room full-service hotel, including over 5,000 square feet of meeting/ballroom/convention space and a full-service restaurant. The property boasts a convenient location at the corner of Lemon Tree Ln and Robert J Conlan Blvd NE, just 4.5 miles from I-95 exit 176. Its strategic position provides easy access to numerous amenities, including well-known restaurants and shopping centers. Furthermore, the site benefits from its proximity to major aerospace employers like L3Harris Technologies (1.6 miles), Florida Institute of Technology (2.7 miles), and Keiser University (5.1 miles), as well as Melbourne/Orlando International Airport (5.4 miles), Northrop Grumman (6.4 miles), and popular Florida Space Coast attractions such as Melbourne Beach (7.2 miles), Cocoa Beach (24.2 miles), Cape Canaveral (29.3 miles), and SpaceX (48.2 miles). The property's APN is 28-37-14-51-2, and it's offered fee simple. Approximately 2.9 acres are fully developable. Asking price is $1,800,000. This is an ideal investment for developers seeking a prime location with significant growth potential in a thriving area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.