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 1: Contact: List Agent, Zoning: PUD, Showing-Call Listing Office: Y, Showing-Drive By Okay: Y, Lot Description-Buildable: Y, Lot Description-Flat: Y
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.