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1568 Water Drive NE

Palm Bay, FL 32905
  • $4,000,000
  • STATUS: Active
  • ON SITE: 26 Days
  • MLS #: 1072015
UPDATED: 11 min ago
$4,000,000
  • 0
    BEDS
  • 2.46
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Information

Elementary School:
Middle School:
High School:

Description

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.

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© 2026 Space Coast Association of REALTORS®, Inc. The data relating to real estate for sale or lease on this web site comes in part from the Brevard County Broker Reciprocity Database. Real estate listings held by brokerage firms other than Dale Sorensen Real Estate are marked with the IDX logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Dale Sorensen Real Estate.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-04-12T18:09:03.757.
www.nicolepulcini.com/homes/174133916
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1568 Water Drive NE Palm Bay, FL 32905

  • Price: $4,000,000
  • Status: Active
  • On Site: 26 Days
  • Updated: 11 min ago
  • MLS #: 1072015
0
Beds
0
Baths
0
½ Baths
2.46
Acres
Neighborhood:
Palm Bay Map Number 1
County:
Brevard
Area:
340 - Ne Palm Bay
Elementary School:
Palm Bay Elem
Middle School:
Stone
High School:
Palm Bay
Property Description
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.
Exterior Features

Fencing [] Lot Features Other Other Structures [] Road Frontage Type Highway Road Surface Type [] View [] Waterfront Features []

Property Features

Association Amenities [] Association Fee Includes [] Current Use Mixed Use Electric [] Listing Terms CashConventionalOther Pool Features [] Property Sub Type Unimproved Land Security Features [] Sewer Public Sewer Spa Features [] Special Listing Conditions Corporate Owned Tax Annual Amount 2818.43 Tax Legal Description PALM BAY MAP NUMBER 1 LOTS 56 & VAC E 10 FT OF OAK ST ON W BLK 5 Tax Year 2025 Utilities Water Available Water Source Public

Listing provided courtesy of Relentless Real Estate Co.: (321) 302-0763.
© 2026 Space Coast Association of REALTORS®, Inc. All Rights Reserved.


© 2026 Space Coast Association of REALTORS®, Inc. The data relating to real estate for sale or lease on this web site comes in part from the Brevard County Broker Reciprocity Database. Real estate listings held by brokerage firms other than Dale Sorensen Real Estate are marked with the IDX logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Dale Sorensen Real Estate.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-04-12T18:09:03.757.
 
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