9500 Babcock St W 2,123 Acres of Residential Land Offered at $122,289,301 CAD in Palm Bay, FL 32909

The subject property is conveniently located in the City of Palm Bay 2.5+- miles South of the Saint John's Heritage Parkway- I- 95 Interchange at the North West corner of Babcock Street and Centerline Road Brevard County Florida. This provides the property and its future development easy access to anywhere in Brevard County and the State of Florida. Just North at the intersection of Babcock Street and the Saint John's Heritage Parkway is a new Publix Grocer and several other soon to be national retailers and restaurants. The City of Palm Bay is a dynamic City located in Brevard County Florida. According to the 2020 United States Census the population was at approximately 119,760+- residents. However, the City has experienced a 7.9% growth rate from 2020 to 2023 estimating the population now at approximately 129,234+- residence. According to U-Halls Annual Growth Index the Palm Bay- Melbourne corridor ranks third among the fastest growing cities in the United States making it the most populous City in Brevard Country Florida and the largest by the land area. The City of Palm Bay is also home to such major employers across various industries such as: L-3 Harris Technologies a leading edge defense and technology corporation. Renesas Electronics a leading edge semiconductor and microcontroller corporation. Raytheon Technologies a major aerospace and defense corporation and MC Assembly a major electronics manufacturing service provider and producer of circuit boards and assemblies for various local, national and international corporations; all making the City of Palm Bay a very attractive place to live and work. The property is currently the largest and contiguous available single ownership developable property in the City of Palm Bay and has been labeled by many as the next "Development Frontier" of Brevard County and Palm Bay Florida.
Property Highlights
The Property consists of 2,121+- acres with over one mile of Babcock Street Frontage. Overall concept plan currently submitted to the City of Palm Bay. Residential Proposed: 2,513 Lots 50 x120 typical lot size.
Proposed Multi Family: NORTH PARCEL SURROUNDING THE EXSITING POND: Acreage: 57.7+- (TEN 10) 64 UNIT BUILDINGS. Each Building: (16) 1 Bedrooms , (32) 2 Bedrooms, (16) 3 Bedrooms, All 4 story buildings. 640 Units Nine(9) 56 UNIT BUILDING. Each Building:(16) 1 Bedrooms, (24) 2 Bedrooms, (16) 3 Bedrooms. All 4 story buildings. 504 Units Total Units: 1,144 SOUTH PARCEL SURROUNDING THE EXISTING POND Acreage: 50+- Ten (18) 64 UNIT BUILDINGS. Each Building (16) 1 Bedrooms, (32) 2 Bedrooms, (16) 3 Bedrooms, All 4 story buildings. 1,604 Units. Total: 2,216. Total Combined Units - 3360