UNDER CONTRACT Palm Bay Commons Pad

Location Description:
Part of Palm Bay Commons, a retail project anchored by BJ’s Wholesale Club in the NW Quadrant of Dairy Road and Palm Bay Road with Cracker Barrel and 7-Eleven out-parcels. Palm Bay Road Interstate 95 Interchange Exit 176 is less than a mile west of the property. Other retail neighbors include Walgreens, Wal*Mart, Staples, Office Depot, Golden Corral, Bass Pro Shop and LA Fitness. Hammock Landing, a 750,000+ square foot open-air mall is just west of the I-95 interchange. Hammock tenants include Target, Kohl’s, Marshall’s, Michael’s, HH Gregg, Ross Dress for Less, Petco, 5 Guys, Moe’s, Academy Sports, and Carmike Cinema.

Property Description:
The site lies immediately east of BJ’s and wraps the northwest corner of Palm Bay Road (42,180 ADT) and Dairy Road (17,690 ADT) in Melbourne, Brevard County, FL. Offering is a 6.88-acre pad ready site with 420+ feet of frontage on Diary Road and good visibility from Palm Bay Road and BJ’s. Entries, driveways, water retention, storm drains, utilities, and cross easements for parking and access are in place. Parcel will accommodate up to 40,000± square feet of retail space in one or more buildings. Hotel or office developments are reasonable alternative uses. C2 zoning and General Commercial land use / Parcel ID: 28-37-20-00-00026.0-0000.00 / Tax Acct: 2862279 / RE Tax: $10,704