MULTIFAMILY - 15 UNITS PER ACRE ON MALABAR RD IN …

FOR SALE > LAND

$1,400,000

MULTIFAMILY - 15 UNITS PER ACRE ON MALABAR RD IN PALM BAY

MALABAR ROAD, PALM BAY, MELBOURNE, GRANT, MICCO, SEBASTIAN, FL 32907

Carol K. Platt, RCE, CRB, e-Pro, AHWD carol@ 407.498.4114



Corporate Address: 141 5th St. NW, Suite 202,

Winter Haven, FL 33881

2312 13th Street St. Cloud, FL 34769

Executive Summary

MULTIFAMILY - 15 UNITS PER ACRE ON MALABAR RD IN PALM BAY

Malabar Road, Palm Bay, Melbourne, Grant, Micco, Sebastian, FL 32907

2

OFFERING SUMMARY Sale Price:

$1,400,000

Lot Size:

9.2 Acres

Zoning:

Multifamily - 15 units per acre

Market:

East Central Florida

Submarket:

Palm Bay/Melbourne

Traffic Count:

25,000

Price / SF:

$3.49

PROPERTY OVERVIEW Property zoned for multi family housing. Currently approved for 15 units per acre. Beautifully lined with cabbage palm trees and 100% uplands. Bounded to the north by Malabar Rd., a main thoroughfare which connects to the new expressway and I-95. Bounded and intersected on the East Side by Daffodil Dr. that runs south to Malabar Cove Apartments. A signaled intersection is planned at the corner of Malabar Rd. and Daffodil Dr.

PROPERTY HIGHLIGHTS ? 100% Uplands

? Traffic Count - 25,000 cars per day

? Currently Zoned Multi-family - 15 units per acre

? Signalized Intersection Planned for NE Corner

? Easy Access via all four compass points in East Central Florida

Carol K. Platt, RCE, CRB, e-Pro, AHWD carol@ 407.498.4114

ID#: 374568



141 5th St. NW, Suite 202 Winter Haven, FL 33881 863.293.5600

Additional Photos

MULTIFAMILY - 15 UNITS PER ACRE ON MALABAR RD IN PALM BAY

Malabar Road, Palm Bay, Melbourne, Grant, Micco, Sebastian, FL 32907

3

Carol K. Platt, RCE, CRB, e-Pro, AHWD carol@ 407.498.4114

ID#: 374568



141 5th St. NW, Suite 202 Winter Haven, FL 33881 863.293.5600

Additional Photos

MULTIFAMILY - 15 UNITS PER ACRE ON MALABAR RD IN PALM BAY

Malabar Road, Palm Bay, Melbourne, Grant, Micco, Sebastian, FL 32907

4

Carol K. Platt, RCE, CRB, e-Pro, AHWD carol@ 407.498.4114

ID#: 374568



141 5th St. NW, Suite 202 Winter Haven, FL 33881 863.293.5600

Location Maps

MULTIFAMILY - 15 UNITS PER ACRE ON MALABAR RD IN PALM BAY

Malabar Road, Palm Bay, Melbourne, Grant, Micco, Sebastian, FL 32907

5

Carol K. Platt, RCE, CRB, e-Pro, AHWD carol@ 407.498.4114

ID#: 374568



141 5th St. NW, Suite 202 Winter Haven, FL 33881 863.293.5600

Location Maps 2

MULTIFAMILY - 15 UNITS PER ACRE ON MALABAR RD IN PALM BAY

Malabar Road, Palm Bay, Melbourne, Grant, Micco, Sebastian, FL 32907

6

LOCATION DESCRIPTION

Conveniently located just 7 mins from I-95 for good north/south and east/west travel. Bounded to the north by Malabar Rd., a main thoroughfare which connects to the new expressway and I-95. Bounded and intersected on the East Side by Daffodil Dr. that runs south to Malabar Cove Apartments. A signaled intersection is planned at the corner of Malabar Rd. and Daffodil Dr.

DRIVE TIMES

6 mins to Eastern Florida State College 7 mins to I-95 11 mins to Harris Corporation in Palm Bay 15 mins to Florida Institute of Technology 18 mins to Orlando/Melbourne International Airport 19 mins to Holmes Regional Medical Center 22 mins to the Atlantic Ocean at Indialantic

DRIVING DIRECTIONS

ID#: 374568

From I-95 head west on Malabar rd and IC-9a5roIlnKte. rPsleacttti,oRnC. E, CRB, e-Pro, AHWD

property

will

be

on

the

left

at

the

corner

of

Daffodil

Dr.

approximately

1.57

miles

from thecMroaslbabyadriRrtd.c. oanmd

141 5th St. NW, Suite 202

carol@

Winter Haven, FL 33881

407.498.4114

863.293.5600

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