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Babcock Street W - Calumet Farms, Palm Bay, FL

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Babcock Street W - Calumet Farms

Palm Bay, FL 32909 - Brevard County Submarket

(3.6 MB)

Property Type:Land Parcel Size:2,123 Acres
Zoning:GU
For Sale Price:$21,250,000 Price/Acre:$10,009 Price/SF:$0.23

Topography:-
Proposed Use:Commercial, Mixed Use, Neighborhood Center, Single Family Development

On-Site Improv:-


Due to the Palm Bay Parkway and new I95 Interchange this area is slated for high growth in the near future. The subject property is located on the West side of Babcock Street south of Micco Road, 2.5 miles south of the proposed Palm Bay Parkway and on the north side of Centerlane Road in Palm Bay, Brevard County, Florida. Site is 2 miles north of C54 Canal, the Indian River County line. Babcock Street (SR 507) is a major north/south artery that runs from US 1 in North Melbourne south to Fellsmere in Indian River County. Babcock Street in the Melbourne/Palm Bay area is a major commercial corridor with many major shopping centers, retailers, restaurants, banks, and office/medical buildings destined to expand south.

The Palm Bay Parkway and new I95 Interchange will encourage development that will change the face of South Brevard. Extensive conservation and trail network surrounds the development site. New wildlife corridors and trails will link the network. This development will provide neighborhood and community commercial uses nearer the population centers of the City that are moving toward the future interchange. Sustainable development patterns, creation of village like projects, clustered developments, and extensive open space characterize the form of the development proposed. Mix of uses - Non-sprawl - 30% open space - 19 acres civic/public space / wildlife corridors, large storm-water retention/detention areas in a park-like setting

Sale Notes:
Starting Bid: $3,000,000
Auction Start Date: 7/17/12
Video of property: <https://vimeo.com/190736205>

Auction.com Commercial presents the opportunity to acquire a 2,123 acre Mixed-Use parcel in Palm Bay, FL. The parcel is located just south of the new Interstate 95 and New Palm Bay Parkway Interchange making it a very attractive location. A Comprehensive Plan Amendment (Ordinance No. 2010-68) designated this site Calumet Farms with a project density of 1.5 units per acre with a cap of 3,184 living units and limits commercial and office use to 180,000 square feet. An extensive conservation and trail network surround this development site. New wildlife corridors and trails would link the network. This development would provide neighborhood and community commercial uses near the population centers of the City of Palm Bay that are moving toward the future interchange.

Due to the Palm Bay Parkway and new I95 Interchange this area is slated for high growth in the near future. Extensive conservation and trail network surrounds the development site. New wildlife corridors and trails will link the network. This development will provide neighborhood and community commercial uses nearer the population centers of the City that are moving toward the future interchange. Sustainable development patterns, creation of village like projects, clustered developments, and extensive open space characterize the form of the development proposed. Mix of uses - Non-sprawl - 30% open space - 19 acres civic/public space / wildlife corridors, large storm-water retention/detention areas in a park-like setting

Property is 2,123 ± acres with over a mile of frontage on Babcock Street (5,800 ± feet) / RE Tax: $4,170
Land Use is Calumet Farms Comp Plan Amendment (Ord. No. 2010-68) Mixed Use Development
Project density: 1.5 units per acre / cap of 3,184 living units / Commercial and office use limited to 180,000 sf
Owner will finance for Qualified Buyer - 50% down / three years
The subject property is located on the West side of Babcock Street south of Micco Road, 2.5 miles south of the proposed Palm Bay Parkway and on the north side of Centerlane Road in Palm Bay, Brevard County, Florida. Site is 2 miles north of C54 Canal, the Indian River County line. Babcock Street (SR 507) is a major north/south artery that runs from US 1 in North Melbourne south to Fellsmere in Indian River County. Babcock Street in the Melbourne/Palm Bay area is a major commercial corridor with many major shopping centers, retailers, restaurants, banks, and office/medical buildings destined to expand south.

Dreyer & Associates Real Estate Group
Michael E Dreyer
(321) 777-7743




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