$900,000

Agora Village is a permit-ready multifamily development site in Palm Bay: 35 units on 1.79 acres, zoned RM-20 with High Density Residential future land use. The site plan carries the City of Palm Bay's approval stamp dated April 29, 2025 (Site Plan Permit #1369, Engineering Revision RTAP25-00002). The approved program is two 2-story garden-style walk-up buildings of 18 and 17 units, a density of 19.6 units per acre. Every unit is a two-bedroom, one-bath from 740 to 940 SF, averaging 857 SF, for 29,995 net rentable SF. Parking is 70 surface spaces, 2.0 per unit. Building coverage is 20.11 percent against 40 percent allowed, and stormwater is retained on site in a 0.45-acre pond. City of Palm Bay water and sewer serve the site through 8-inch mains in Agora Circle SE. Unit addresses are assigned at 1843 and 1857 Agora Circle SE. Flood Zone X. Agora Village is a permit-ready multifamily development site in Palm Bay: 35 units on 1.79 acres, zoned RM-20 with High Density Residential future land use. The site plan carries the City of Palm Bay's approval stamp dated April 29, 2025 (Site Plan Permit #1369, Engineering Revision RTAP25-00002). The approved program is two 2-story garden-style walk-up buildings of 18 and 17 units, a density of 19.6 units per acre. Every unit is a two-bedroom, one-bath from 740 to 940 SF, averaging 857 SF, for 29,995 net rentable SF. Parking is 70 surface spaces, 2.0 per unit. Building coverage is 20.11 percent against 40 percent allowed, and stormwater is retained on site in a 0.45-acre pond. City of Palm Bay water and sewer serve the site through 8-inch mains in Agora Circle SE. Unit addresses are assigned at 1843 and 1857 Agora Circle SE. Flood Zone X.

$440,000

The Mercury Ave pair is a 1.65-acre multifamily development site in Palm Bay: two contiguous lots (0.73 and 0.92 acres) zoned RM-20 with High Density Residential future land use. Multifamily is permitted by right at 20 units per acre, a yield of up to 33 units. The site is zoned but not entitled. No site plan, civil engineering, or building plans are in place, and the buyer will need to complete design, site plan approval, and permitting. Agora Village, one block north on the same Port Malabar plat, is site plan approved for 35 units at 19.6 units per acre on a similar footprint. The lots have about 225 feet of combined frontage on Mercury Ave SE and run 320 feet deep. Both are wooded and unimproved. City of Palm Bay water and sewer are available to both lots. Flood Zone X. The Mercury Ave pair is a 1.65-acre multifamily development site in Palm Bay: two contiguous lots (0.73 and 0.92 acres) zoned RM-20 with High Density Residential future land use. Multifamily is permitted by right at 20 units per acre, a yield of up to 33 units. The site is zoned but not entitled. No site plan, civil engineering, or building plans are in place, and the buyer will need to complete design, site plan approval, and permitting. Agora Village, one block north on the same Port Malabar plat, is site plan approved for 35 units at 19.6 units per acre on a similar footprint. The lots have about 225 feet of combined frontage on Mercury Ave SE and run 320 feet deep. Both are wooded and unimproved. City of Palm Bay water and sewer are available to both lots. Flood Zone X.

$295,000

Rare 1.87-acre RM-2 multifamily residential development opportunity in Palm Bay. Centrally located near Malabar Rd and San Filippo Dr SE with convenient access to shopping, dining, schools, and major roadways. Property is zoned multifamily residential and offers potential for residential development subject to buyer verification with the City of Palm Bay. Existing due diligence materials including surveys and environmental reports available upon request. Excellent opportunity for builders, investors, or multifamily developers. Rare 1.87-acre RM-2 multifamily residential development opportunity in Palm Bay. Centrally located near Malabar Rd and San Filippo Dr SE with convenient access to shopping, dining, schools, and major roadways. Property is zoned multifamily residential and offers potential for residential development subject to buyer verification with the City of Palm Bay. Existing due diligence materials including surveys and environmental reports available upon request. Excellent opportunity for builders, investors, or multifamily developers.