Calumet Farm-INCOME PRODUCING LAND

Location Highlights

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

Current Concept Plan: https://tinyurl.com/yfvff8n5
Property Video and Highlights: https://vimeo.com/ccvideoproductions/review/736863759/b099f34fdd

Note: The two lakes generate approximately $ 1,750,000 in annual revenue to the current owner.
NOTE: There is no cooperating Broker Fee being offered and any Buyer Broker will need to be compensated by the Buyer Seller reserves the right at all times to reject, in its sole and absolute discretion, any and all offers received by it, for any reason whatsoever, notwithstanding that a particular offer is for the highest purchase price among those offers received and meets all the terms and conditions of this offering. Seller also reserves the right at all times to waive any or all technical defects in any offers, in Seller’s sole and absolute discretion. The sales process may be terminated or modified without notice at any time. In the event two or more offers are determined to fall within a competitive range, Seller reserves the right to request a best and final offer from those parties.
Seller and any of its officers, employees or agents specifically disclaims any representation or warranty, express or implied, as to the accuracy or completeness of the offering materials or any accompanying information, and no legal commitment, obligation or liability of Seller or its officers, employees or agents shall arise by reason of the materials or accompanying information. Interested parties are expected to review independently all documents relating the property and the purchase. The property is being sold on an “AS IS, WHERE IS” basis. Your complete inspection of the property is recommended. Buyers will have an opportunity to examine the financial and legal documents, records, files and information relating to the property now in the possession of Seller, its agents or contractors during an agreed upon inspection period. The purchase of this property will be based solely on a Buyer’s own independent investigation and findings and not in reliance on any information provided by Seller, its agent or contractors. Seller, its agents or contractors shall have no liability for any incorrect information.
Florida's Space Coast-One Small Step for your Giant Leap in to our Market: Kindly visit this link - https://spacecoastedc.org/