COMMERCIAL OPPORTUNITY on Babcock Corridor Near New Interchange!

Babcock Street and Eldron Blvd SE Palm Bay, FL 32909

Babcock Street and Eldron Blvd SE, Palm Bay, FL, 32909
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FOR SALE
Property Type:
Other Land
Amount:
$3,055,230
Last Verified:
Oct 05, 2023

Highlights

  • This vacant parcel is 12.27 Acres, with approximately 785' of frontage on Westside Avenue, adjacent to Babcock Street and 775' of frontage along Eldron Boulevard.
  • Subject property is zoned CC- Community Commercial. Approved uses include (but not limited to) Retail stores, sales and display rooms, service establishments including beauty and barber shops, laundry and dry cleaning pickup, professional offices, studios, clinics, general offices, government office, schools, libraries, churches, restaurant/eating and drinking establishments.
  • The site sits less than 2 miles from the new I-95/Micco interchange, which is incorporated in the plans for the St. John's Heritage Parkway. St. John’s Heritage Parkway (SJHP) is a 5 mile arterial roadway extending from Palm Bay city limits north to a new Ellis Road/I-95 interchange. The goal of the Parkway is to reduce congestion on I-95, provide more efficient access for local motorists, and connect to other east-west roadways that will serve as emergency evacuation routes. Please visit http://spacecoasttpo.com/plan/subject/st-johns-heritage-parkway/ for more information.
  • Water is available, Sewer is not currently available.
  • Parcel ID#: 29-37-33-KQ-K
  • Tax ID#: 2951246
  • Visit this link: https://spacecoastedc.org/ - Florida's Space Coast-One Small Step for your Giant Leap in to our Market

Description

This vacant parcel is 12.27 Acres, with approximately 785' of frontage on Westside Avenue, adjacent to Babcock Street and 775' of frontage along Eldron Boulevard.
Subject property is zoned CC- Community Commercial. Approved uses include (but not limited to:) Retail stores, sales and display rooms, service establishments including beauty and barber shops, laundry and dry cleaning pickup, professional offices, studios, clinics, general offices, government office, schools, libraries, churches, restaurant/eating and drinking establishments.
The site sits less than 2 miles from the new I-95/Micco interchange, which is incorporated in the plans for the St. John's Heritage Parkway. The goal of the Parkway is to reduce congestion on I-95, provide more efficient access for local motorists, and connect to other east-west roadways that will serve as emergency evacuation routes. Please visit http://spacecoasttpo.com/plan/subject/st-johns-heritage-parkway/ for more information.
Water is available, Sewer is not currently available.
Parcel ID#: 29-37-33-KQ-K
Tax ID#: 2951246

Subject property is a 12.27-acre vacant land offering located on the southwest corner of Babcock Street and Eldron Boulevard. This rural setting is convenient to shopping and approximately 5.5 miles south of the I-95 interchange at Malabar Road, home to WalMart Supercenter, Lowe's, Home Depot and Eastern Florida State College - Palm Bay Campus. This location has a residential audience to the south, west and north. The site sits less than 2 miles from the new I-95/Micco interchange.

Lot Size: 12.27 acres


Documents

Sale Brochure

Map of Babcock Street and Eldron Blvd SE, Palm Bay, FL, 32909

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.