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- LoopNet Team
000 Par Street NE -1
Palm Bay, FL 32905
Multi-Family Opportunity! 25 PLUS Units- · Land For Sale · 1.07 AC
Investment Highlights
- City Water & Sewer
- Multi-Family Zoning
- Cleared Lot
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 1.07 AC |
| Property Subtype | Commercial |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 1.07 AC |
Description
Outstanding opportunity for a Multi-Family Development Site! CITY WATER & SEWER CLEARED LOT! 1.97 Acres allowing over 25 units! Located off of Port Malabar Blvd just west of Babcock Street. The site has existing road & utility infrastructure. Concept photos and design were created using the zoning parameters provided by the zoning code. The concept was created to provide a visual aid and plan idea. Project Details: 6 buildings total 5 Units per building for a total 30 units (to make it 29, I'd probably convert one ground unit to an extra garage - but you wouldn't see this in the renderings) Breakdown of the each building: 3100 sqft on the top floor (3 units) 2100 sqft (2 units -for retirees or people who don't want to do stairs) 1500 sqft of outdoor living space on the 2nd floor 450 sqft of outdoor living space on the ground floor 6 garage spaces per building (three 2 door bays)
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