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Vacant Land

SW Quadrant of Babcock and Cinnamon Cove Driv

Melbourne, Florida 32901

Sold: $1,278,200
Updated Sep 30, 2026
Categories Multi-Family

About this property

This land offering consists of two parcels which equals 20.25 total acres with 4.08 acres classified for retention purposes. Zoning for this site is R2 - Multi-Family Dwelling with Medium Density. Medium density in this area allows for 6-15 units per acre, with a maximum height of 36' or 3 floors.

Frontage to the property totals 1,150 feet on Lake in the Woods Drive, access to which is achieved via Babcock Street, which is recorded to have exposure up to 36,000 vehicles daily. Water and electricity are available to the site.

Tax ID#: 2827871
Parcel ID#: 28-37-16-00-757

Site is located one block off of Palm Bay Road, a major east-west artery that connects directly to the I-95 Interchange. At this intersection, there is a large shopping district, with big-name retailers such as Harley-Davidson, Bass Pro Shops, Office Depot, Super Walmart and several eateries. To the immediate east of the subject, Babcock Street runs north-south, providing quick access to downtown Melbourne to the north or Eastern Florida State Colllege - Palm Bay Campus to the south. Other notable neighbors within 5 miles of the site include Andretti Thrill Park, Florida Institute of Technology, Melbourne International Airport as well as the adjacent executive corrider in Melbourne, which is home to Embraer, Harris Corporation, Rockwell Collins, Northrup Grumman, GE and Health First.

Property details

Property Type
Land
Building Type
Freestanding
Land Size
20.25 acres
Water
Available
Zoning
R2 - Multi Family
Electric
Available

Location

Address
Melbourne, Florida 32901
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.