River's Edge FIT Property

6.36 acre waterfront campus with two buildings totaling 39,234 SF. Located in Palm Bay, Florida, with 850 +/- feet of waterfront to the west and north (505 ft +/- deeded), and 530 feet of frontage along US Hwy 1 (Dixie Hwy). Easy access and egress, with two entrances, and two separate parking lots. Perfect for a school, university, medical center, ALF, business campus, or a religious institution.

The City has also suggested that rezoning to Bayfront Mixed-Use is plausible, as it conforms with the area's future land-use, and aligns with the City's vision of creating a downtown bayfront destination in this area. Bayfront Mixed Use (BMU) permits high-density multifamily, up to 40 residential units per acre, provided the development also includes a commercial component of at least 20%.

The city's vision of the area is to create a destination recognized as a pedestrian-friendly, mixed use community with a Mainstreet Village character capitalizing on its waterfront location that boasts improved narrow streets, pedestrian pathways and US 1 crosswalks leading to public spaces including waterfront parks, attractive views, and a waterfront theme.

The main 29,617 SF building was recently renovated to include 70% office space, with 30% remaining a shell. The 2nd 9257 SF building is a shell, but it is air-conditioned and maintained as a storage space.

View the property video here - https://youtu.be/lWOsjbhTmoQ