26 Acres in Palm Bay Seller Financing
26 Acres in Palm Bay Seller Financing
0 bed
0 bath
1133867 sq ft
Built in 2024
Vacant land
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Quality of Comparables
13
/20
Location of Neighborhood
11/20
Quality of Floor Plan
10/20
Placement in Neighborhood
5/10
Property Details
Are you looking for an exceptional investment opportunity? This 26-acre parcel of land in the rapidly growing city of Palm Bay offers immense potential for savvy investors and developers.
Why Palm Bay?
- Affordability: Palm Bay consistently ranks as one of the most affordable places to live in Brevard County and the Space Coast. Families seeking a great quality of life without breaking the bank often choose Palm Bay.
- New Home Construction: With the surge in new home construction across Brevard County, Palm Bay remains a top choice for families looking to settle down.
- Proximity to Amenities: This parcel is conveniently located just minutes away from Bayside High School, making it an attractive option for families with school-age children. Beaches, shopping, and dining are just a short drive away.
- City Approval for 68 Homes: Previous plans had city approval for 68 homes on this property, even considering the presence of wetlands. Imagine the potential for a thriving residential community.
- Alternative Strategy: If you’re thinking beyond single-family homes, consider building an apartment complex. With the capacity to accommodate over 100 units, you could create a steady stream of long-term cash flow.
Our pro forma numbers are based on a conservative 65 homes built with a retail value on each home of $325,000. Large parcels of land within city limits are hard to come by. Plus, the seller offers financing, making it even more enticing.
Contact your EquityPro Advisor today to explore this remarkable investment. Whether you’re a seasoned developer or a first-time investor, this 26-acre gem awaits your vision.
