$6,048,000
Palm Bay, FL 32909
MLS# 857168
Status: Closed
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Property Description
Cypress Bay Commercial consists of 100 acres prime land on the corner of Babcock Street and the St. John's Heritage Parkway only .6 miles from the new I-95 Interchange. The site features 2400 ft frontage on Babcock St and 3700 ft frontage on BOTH sides of the new 4-lane St. John's Heritage Parkway. The I-95 interchange and Parkway are scheduled to open Fall 2019. As the region experiences growth and with the new I-95 Interchange, this land presents an exceptional opportunity in a desirable location. This is an excellent site positioned for a highly visible retail shopping center with multiple hard corner sites due to locations on both sides of the Parkway and Babcock. Property has commercial land use with P.U.D. zoning. The site is cleared and flat with no wetlands.
Details
Maps
Location, Tax, and Legal
Tax Account: 3000210
General County Location: South
Tax Legal Description: See Survey
Directions: South on Babcock to St. John's Heritage Parkway
General Property Information
Lot Size Acres: 25
Lot Dimensions Source: Other
Association YN: No
Water Body Access YN: No
Senior Community YN: No
List Price/Acre: 460000
Sold Price/Acre: 241920
Currently Not Used
Pool Private YN: No
Remarks and Miscellaneous
Public Remarks: Cypress Bay Commercial consists of 100 acres prime land on the corner of Babcock Street and the St. John's Heritage Parkway only .6 miles from the new I-95 Interchange. The site features 2400 ft frontage on Babcock St and 3700 ft frontage on BOTH sides of the new 4-lane St. John's Heritage Parkway. The I-95 interchange and Parkway are scheduled to open Fall 2019. As the region experiences growth and with the new I-95 Interchange, this land presents an exceptional opportunity in a desirable location. This is an excellent site positioned for a highly visible retail shopping center with multiple hard corner sites due to locations on both sides of the Parkway and Babcock. Property has commercial land use with P.U.D. zoning. The site is cleared and flat with no wetlands.
Current Use
Commercial: 1
Hotel/Motel: 1
Listing Terms
Cash: 1
Lot Features
Cleared: 1
Possession
Close Of Escrow: 1
Road Surface Type
Paved: 1
Special Listing Conditions
Standard: 1
Utilities
Sewer Available: 1
Water Available: 1
Showing Requirements
Call Listing Office: 1
Historical Information
Public Historical Remarks 3: Frontage Description: City Road,County Road
Contract Information
Current Price: $6,048,000
Original List Price: 11500000
Sold Price: $6,048,000
Status: Closed
Listing Contract Date: 2019-10-03
Property Sub Type: Unimproved Land
Location Tax and Legal
Street Number: 0000
Street Name: Babcock/St. John'S Heritage
Street Suffix: Parkway
County: Brevard
State: FL
Postal Code: 32909
MLS Area Major: 342 - Malabar/Grant-Valkaria
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2022-07-18T15:13:07Z
Major Change Type: Status Change
Status Change Timestamp: 2022-07-18
Purchase Contract Date: 2020-03-11
Close Date: 2022-07-15
Close Price: 6048000
Property Features
Current Use: Commercial; Hotel/Motel
Listing Terms: Cash
Lot Features: Cleared
Possession: Close Of Escrow
Road Surface Type: Paved
Showing Requirements: Call Listing Office
Special Listing Conditions: Standard
Utilities: Sewer Available; Water Available
Supplements
The adjacent Cypress Bay Preserve property to the north is currently under construction by DR Horton consisting of 396 single family homes. The 686 acres across the street on the west side of Babcock is entitled for an additional 1765 units plus 296 existing single-family homes. '||chr(10)||'
Listing Office: SunCoast Real Estate Group
Last Updated: October - 29 - 2024
Information is deemed to be reliable, but is not guaranteed.