Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

925 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

1568 Water Dr NE - 1568 WATER DR NE PALM BAY FL 32905 2.46 Acres of Commercial Land Offered at $5,566,800 CAD in Palm Bay, FL 32905

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Executive Summary

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.

Property Facts

Price	$5,566,800 CAD	Property Type	Land
Sale Type	Investment	Property Subtype	Commercial
Sale Conditions	1031 Exchange Build to Suit Bulk/Portfolio Sale Redevelopment Project	Proposed Use	Commercial Industrial Mixed Use Multifamily
No. Lots	1	Total Lot Size	2.46 AC
Zoning	BMU - Business Mixed Use

Price	$5,566,800 CAD
Sale Type	Investment
Sale Conditions	1031 Exchange Build to Suit Bulk/Portfolio Sale Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Industrial Mixed Use Multifamily
Total Lot Size	2.46 AC
Zoning	BMU - Business Mixed Use

1 Lot Available

Lot

Price	$5,566,800 CAD	Lot Size	2.46 AC
Price Per AC	$2,262,926.88 CAD

Price	$5,566,800 CAD
Price Per AC	$2,262,926.88 CAD
Lot Size	2.46 AC

Development Opportunity: The City of Palm Bay is highly motivated to see this site developed, with strong support for multifamily or retail use. This offering includes 2.5 acres of prime waterfront land, ideally positioned for a high-impact project.

Description

Development Opportunity: The City of Palm Bay is highly motivated to see this site developed, with strong support for multifamily or retail use. This offering includes over 2.5 acres of prime waterfront land, ideally positioned for a high-impact project. The property benefits from city cooperation, including access to a boat ramp and waterfront rights owned by the city, creating added flexibility and long-term value. With its desirable location, scale, and municipal support, this site presents a rare opportunity for developers seeking a waterfront project with upside.

1 1

Somewhat walkable

30/100

Very drivable

80/100

Limited public transit

30/100

Fairly bikeable

40/100

Source: Local Logic^®

(321) 302-0763

Contacts

Scott Loveridge
Jennifer Brown
Relentless Real Estate

Listing ID: 39308571
Date on Market: 2026-02-03
Last Updated:
Address: 1568 Water Dr NE, Palm Bay, FL 32905

1 of 5

Videos

Matterport 3D Exterior

Matterport 3D Tour

Photos

Street View Street

Map

1568 Water Dr NE, Palm Bay, FL for sale Primary Photo- Image 1 of 5 — DJI_0911bor

1568 Water Dr NE, Palm Bay, FL for sale Building Photo- Image 2 of 5 — DJI_0903

1568 Water Dr NE, Palm Bay, FL for sale Building Photo- Image 3 of 5 — DJI_0909

1568 Water Dr NE, Palm Bay, FL for sale Building Photo- Image 4 of 5 — DJI_0911

1 of 1

Share This Listing

Still interested?