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0000 Babcock/St. John'S Heritage Parkway, Palm Bay, FL 32909

$6,048,000
Property Type: Land Lot Size (sq. ft.): 1,089,000 Status: Closed
Current Price: $6,048,000 List Date: 10/03/2019 Last Modified: 12/15/2023

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.

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)||'

More Information MLS# 857168

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 Tax Account: 3000210 County: Brevard State: FL Postal Code: 32909 MLS Area Major: 342 - Malabar/Grant-Valkaria General County Location: South Subdivision Name: None 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 Senior Community YN: No List Price/Acre: 460000 Sold Price/Acre: 241920

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.

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

Historical Information

Public Historical Remarks 3: Frontage Description: City Road,County Road

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
Listing Office: SunCoast Real Estate Group
Last Updated: December - 15 - 2023

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

The listing broker’s offer of compensation is made only to participants of Space Coast MLS as well as Florida Realtors® MLS Advantage Participants and Particpants in the Coast2Coast datashare.