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1843 Agora Circle SE, Palm Bay, FL 32909

$900,000

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List Price: $900,000
MLS#: 1089933
Status: ACTIVE
Type: Land
County: Brevard
City: Palm Bay
Area: Malabar/Grant
Subdivision: Port Malabar Unit 40
Acres: 1.79
Days on Market: 2

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Property Description

Agora Village is a permit-ready multifamily development site in Palm Bay: 35 units on 1.79 acres, zoned RM-20 with High Density Residential future land use. The site plan carries the City of Palm Bay's approval stamp dated April 29, 2025 (Site Plan Permit #1369, Engineering Revision RTAP25-00002). The approved program is two 2-story garden-style walk-up buildings of 18 and 17 units, a density of 19.6 units per acre. Every unit is a two-bedroom, one-bath from 740 to 940 SF, averaging 857 SF, for 29,995 net rentable SF. Parking is 70 surface spaces, 2.0 per unit. Building coverage is 20.11 percent against 40 percent allowed, and stormwater is retained on site in a 0.45-acre pond. City of Palm Bay water and sewer serve the site through 8-inch mains in Agora Circle SE. Unit addresses are assigned at 1843 and 1857 Agora Circle SE. Flood Zone X.

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Additional Information

Tax Year: 2025
Tax Amount: $1,130
Location Description: Other
Utilities: Other
Elementary School: Port Malabar
Middle School: Stone
High School: Palm Bay