9500 Babcock St, Palm Bay, FL 32909
2,123 Acres of Residential Land Offered at $65,000,000 USD in Palm Bay, FL 32909
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $65,000,000
- Property Type
-
Land
Listing Contacts
Michael Dreyer CCIM, ALC
Verified Profile
- Property Info
Property Overview
Income-Producing Land Opportunity! A current geological study shows approximately $180,000,000+ potentially extractible coquina rock. This would consist of approximately $26,878,110.00 of overburden or general construction fill and $156,331,900.00 of actual mineable coquina. Property is 2,123 ± acres with over a mile of frontage on Babcock Street
(5,800 ± feet) / RE Tax: $4,170
(5,800 ± feet) / RE Tax: $4,170
Property Details
- Property Subtype
- Residential/Multifamily
Highlights
- Many major shopping centers, retailers, restaurants, banks, and office/medical buildings destined to expand south.
- Income-Producing Land Opportunity! A current geological study shows appx $180,000,000 worth of extractible coquina rock.
- Property is 2,123 ± acres with over a mile of frontage on Babcock Street 5,800
- Project density: 1.5 units per acre / cap of 3,184 living units /Commercial and office use limited to 180,000 sf
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