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514 SE Martin Rd
2.04 Acres of Commercial Land Offered at $2,100,000 in Palm Bay, FL 32909
Investment Highlights
- DIRECT VISIBITLY FROM I-95
- FULLY APPROVED SITE PLAN AND CONDITIONAL USE
- DIRECT VISIBILITY FROM BABCOCK ROAD
Executive Summary
See Other Documents for approved Civil Plans
Also see a similar property in Jacksonville - Shovel ready Self Storage at https://listingmanager.costar.com/listing/8MnOPQoa0OKwz0k5
Data Room Click Here to Access
Property Facts
| Price | $2,100,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Self Storage |
| No. Lots | 1 | Total Lot Size | 2.04 AC |
| Property Type | Land |
| Price | $2,100,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Self Storage |
| Total Lot Size | 2.04 AC |
1 Lot Available
Lot
| Price | $2,100,000 | Lot Size | 2.04 AC |
| Price Per AC | $1,029,412 |
| Price | $2,100,000 |
| Price Per AC | $1,029,412 |
| Lot Size | 2.04 AC |
Direct I-95 EXPOSURE - Near SHOVEL READY Self Storage Development Site for Joint Venture Development or Sale. Conditional Use Approval in place for +/- 124,615 SF Climatized Self Storage Facility. Potential Owner Financing - 50% dwn and 8.5% / 2 Yrs
Description
Palm Bay Self Storage is a project nearing full entitlements in Palm Bay Florida with direct exposure on I-95 site has received Conditional Use approvals and Site permits. The Palm Bay Area has essentially placed a moratorium on Self Storage facilities by now requiring a conditional use approval. This site was the last site to be approved under this new regulation. While there are some recently constructed facilities in the area – this area is experiencing huge growth in the development of new residential units. This facility could be online in approximately 16 to 18 months which coincides with a number of large developments in the area see the attached current residential project list. Site is located with direct visibility form I-95 and Babcock Road which is slated for a widening by FDOT in the near future. Full Civil, Landscape and Site Photometric Plans Complete and permitted Schematic Architectural drawings Available. Seller would entertain straight sale 1.8 M or potential JV with 33% upfront and remainder to stay in deal.
PROPERTY TAXES
| Parcel Number | 29-37-03-26-01990.0-0024.00 | Improvements Assessment | $0 |
| Land Assessment | $47,160 | Total Assessment | $47,160 |
PROPERTY TAXES
zoning
| Zoning Code | GC General Commerical (Fully Approved Site Plan and Conditional Use for 124K SF Climatized Self Storage in established Commerical Park with Direct I-95 & Babcock visibility) |
| GC General Commerical (Fully Approved Site Plan and Conditional Use for 124K SF Climatized Self Storage in established Commerical Park with Direct I-95 & Babcock visibility) |
-
Brian Herbert -
Miami-Dade Investors Group
Presented by
514 SE Martin Rd
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