1853 Wabun Street NE, Palm Bay, FL 32905
- $1,495,000
- 1,184
- SqFt
- List Price
- $1,495,000
- Status
- ACTIVE
- Days on Market
- 26
- MLS#
- 1081416
- Year Built
- 1950
- Living Area
- 1,184
- Lot Size
- 77,101
- Acres
- 1.77
- MLS Area Major
- NE Palm Bay
Property Description
1853 Wabun St NE: 1.77 acres, direct Indian River Lagoon frontage, Palm Bay. Approved site plan in hand for 35 multifamily units -- 10 one-bed, 20 two-bed, 5 three-bed, averaging 1,149 SF, every unit facing water. Utilities are in. Entitlement risk is gone. A buyer breaks ground instead of fighting a two-year approval process. Plan includes 65 parking spaces, 4 EV chargers, a resort-style pool, mailroom/parcel lockers, and outdoor grilling areas. Palm Bay has land everywhere. It does not have entitled waterfront. Luxury rents run $1,500-$2,200. Waterfront units push $2,400-$3,000+. This site is the scarce side of that spread, already approved.
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Additional Information
- Floor
- Other
- Utilities
- Other
- Heating
- Other
- Air Conditioning
- Other
- Exterior Construction
- Other
- Roof
- Other
Listing courtesy of Reach Commercial Real Estate.
Listing courtesy of Reach Commercial Real Estate.
Courtesy of Reach Commercial Real Estate.