1568 Water Drive, Palm Bay, FL 32905
About Property
Prime commercial development site (BMU) zoned land in one of Palm Bay's fastest-growing corridors. The City of Palm Bay has expressed strong interest in seeing this site activated, with support for multifamily, retail, mixed-use, hospitality, or service-oriented development (buyer to verify).Large, development-ready parcels like this are scarce in PB, that allows for flexible commercial and residential uses. As population growth and infrastructure investment continue to expand across Brevard County, demand for new housing, retail, medical, and lifestyle-oriented projects is accelerating. Opportunities to control nearly 2.5 acres in a strategic location are becoming extremely limited. This site presents developers and investors the ability to create a high-impact project like multifamily apartments, mixed-use residential and retail, hotel, medical or professional office, townhomes, or a destination retail center designed to serve the rapidly expanding surrounding communities.
Essential Property Information
- Price: $4,000,000
- Property Type: Vacantland
- Acres: 2
- Country: USA
- City: Palm Bay
Additional Property Info
- List Price/Acres: $1,626,016.26 / acre
- Listing ID: 1072015
- Listing Status: Active
- Property Type: Vacantland
- State/Province: FL
- Status: Active
- Status Change Date: Monday, March 16th, 2026
- Street Name: Water
- Street Number: 1568
- Street Suffix: Drive
- Sub Type: Unimproved Land
- Subdivision: Palm Bay Map Number 1
- Suffix Dir: NE
- Tax Year: 2025
- Taxes: $2,818.43
- Zip Code: 32905
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