$2,500,000
Rare opportunity to acquire ±12.12 acres of city-served residential development land in the heart of southeast Palm Bay -- Brevard County's largest and fastest-growing city. Zoned RS-2 single-family and carrying both city water AND sewer. Preliminary due diligence package that de-risks months of feasibility work: a conceptual 33-lot RS-2 subdivision plan and a City of Palm Bay traffic/LOS analysis that confirms the site's arterial connection -- Emerson Drive SE, a four-lane divided minor arterial carrying 17,270 AADT -- operates well within capacity at buildout (V/C 0.47), with no concurrency roadblock to entitlement.
The 33-lot concept is a floor, not a cap: the City's own traffic analysis modeled up to 41 dwelling units at maximum allowed density, giving an incoming builder or developer room to optimize the layout and maximize lot yield through the entitlement process. Full central sewer removes the septic-density constraint that limits most Palm Bay land, allowing full RS-2 yield to be realized. The seller is also open to collaborating on final entitlements, and adjacent land may be available for green space, buffer, or open space -- flexibility that can shorten the approval timeline and structure a lower-risk transaction. Access is easy to Malabar Road and I-95.
1082796
MLS
000 Coply Street SE, Palm Bay
