6950 Babcock StPalm Bay, FL 32909

This exceptional 18-acre parcel in Southeast Palm Bay, Florida, presents a prime development opportunity. Located on Babcock Street, this fee-simple property (APN 29-37-09-00-753) is zoned residential, offering versatile development options. Potential uses include 55+ communities, senior living, townhomes, multifamily housing, or mixed-use projects. The site's strategic location benefits from planned infrastructure improvements, including future road widening projects on Babcock Street. Its proximity to I-95 interchanges (166 and 173), Palm Bay Hospital, and major retailers (Walmart, Publix, Home Depot, Lowe's) enhances its appeal. The property is situated between Jacksonville and Miami, with Orlando an hour away. Water is available on-site, and sewer is readily accessible nearby. This represents a unique investment opportunity in a rapidly growing area with high demand for housing and commercial services. The asking price is $4,950,000 ($270,936/acre). The property can be developed as a single parcel or subdivided into smaller plots (4-14 or 5-13 acres). This land offers significant potential for substantial return on investment.