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1853 Wabun Street NE
Palm Bay, FL 32905
Palm Bay Multi-Family Land · Land For Sale
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1.77 AC
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present this prime multi-family development opportunity in Palm Bay, FL. The site is ideally located directly off US-1, providing
quick access to all that Palm Bay has to offer. All 35-Units have frontage of Indian River Lagoon with over-sized windows and large balconies. The property will be delivered with an approved site-plan and utilities in place, making it an ideal development opportunity of a premium community. Palm Bay, FL is a rapidly growing market with a population of about 145,800, median household income of $67,500, and strong demand for upscale housing driven by the Space Coast’s booming tech sector, where jobs grew 41.6% in 2025 and average salaries exceed $100K. Luxury apartment rents range from $1,500 to $2,200, with waterfront units commanding $2,400–$3,000+, supported by nearby developments. Major employers include L3Harris, Terran Orbital, and ISO Group, while multiple new projects signal strong absorption and growth potential for high end multifamily.
quick access to all that Palm Bay has to offer. All 35-Units have frontage of Indian River Lagoon with over-sized windows and large balconies. The property will be delivered with an approved site-plan and utilities in place, making it an ideal development opportunity of a premium community. Palm Bay, FL is a rapidly growing market with a population of about 145,800, median household income of $67,500, and strong demand for upscale housing driven by the Space Coast’s booming tech sector, where jobs grew 41.6% in 2025 and average salaries exceed $100K. Luxury apartment rents range from $1,500 to $2,200, with waterfront units commanding $2,400–$3,000+, supported by nearby developments. Major employers include L3Harris, Terran Orbital, and ISO Group, while multiple new projects signal strong absorption and growth potential for high end multifamily.
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 1.77 AC |
| Property Type | Land |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 1.77 AC |
1 LOT AVAILABLE
Lot
| Price | $2,411,028 CAD | Lot Size | 1.77 AC |
| Price Per AC | $1,362,162.44 CAD |
| Price | $2,411,028 CAD |
| Price Per AC | $1,362,162.44 CAD |
| Lot Size | 1.77 AC |
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