6120 South Babcock Street, Palm Bay, FL, 32909

6120 South Babcock Street Palm Bay, FL 32909

6120 South Babcock Street, Palm Bay, FL, 32909
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FOR SALE
Property Type:
Other Land
Amount:
$6,250,000
Last Verified:
Mar 27, 2024

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Description

Adelon Park: a prime 29-acre industrial land opportunity in Palm Bay, FL. Located at the Babcock & Malabar intersection, East-West roadways, near I-95, U.S. Route 1, and nearby access to I-4 and the Florida Turnpike. this site offers uncongested access to major highways. Zoned GC, is ideal for various uses, incl. office space, warehousing/distribution, retail showroom, & light manufacturing.

Industrial vacant is 2.7% in Brevard. There has never been a greater need for industrial product.

The proposed plan features a 4-building, 203,080 leasable SF shallow bay, grade-level design, with two buildings at 60,849 SF & two at 40,728 SF. This flexible layout caters to diverse industries & allows tenants to grow without relocation. With grade-loading docks, 24' clear heights, & 411 parking spaces and home to the Kennedy Space Center & Cape Canaveral Space Force Station.




Palm Bay is a city located in Brevard County, Florida, and is home to several major companies in industries such as aerospace, defense, and semiconductor manufacturing. With a population of over 115,000, Palm Bay offers a large and diverse labor pool, making it an attractive location for businesses. The city’s strong manufacturing and aerospace sectors are supported by companies like Harris Corporation, L3Harris Technologies, Intersil Corporation, DRS Technologies, and Northrop Grumman Corporation. These companies contribute to the city’s thriving business climate, which is further enhanced by its favorable tax rates and supportive local government. Additionally, Palm Bay’s proximity to major transportation routes and its high quality of life, including beautiful beaches and recreational opportunities, make it an ideal choice for businesses looking to establish or expand their operations in Florida.

Lot Size: 28.0 acres

Map of 6120 South Babcock Street, 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.