000 Coply Street SE, Palm Bay, FL 32909

$1,900,000

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List Price
$1,900,000
Status
ACTIVE
Days on Market
68
Price Change
▼ $600,000 1789505979
MLS#
1082796
Subtype
Land
Lot Size
527,947
Acres
12.12
Subdivision
Port Malabar Unit 9
MLS Area Major
SE Palm Bay

Property Description

Rare opportunity to acquire ±12.12 acres of fully city-served residential development land in the heart of southeast Palm Bay — Brevard County's largest and fastest-growing city. Zoned RS-2 single-family with both city water AND sewer, this site arrives with a preliminary due diligence package that de-risks months of feasibility work for an incoming builder or developer. Three independent conceptual subdivision designs have been completed, each demonstrating the site's flexibility and yield potential under RS-2 zoning. The baseline concept delivers 33 finished lots; alternative layouts push the yield to 41+ lots at maximum allowable density — giving a buyer multiple proven development paths to evaluate and optimize through the entitlement process. The City's own traffic and Level of Service (LOS) analysis confirms the site's primary arterial connection — Emerson Drive SE, a four-lane divided minor arterial carrying 17,270 AADT — operates well within capacity at buildout (V/C 0.47), with no concurrency roadblock to entitlement. Full central sewer removes the septic-density constraint that limits most Palm Bay land, allowing full RS-2 yield to be realized. The seller is also open to collaborating on final entitlements, and adjacent land may be available for green space, buffer, or open space -- flexibility that can shorten the approval timeline and structure a lower-risk transaction. Access is easy to Malabar Road and I-95.

Additional Information

Financing
Cash, Other
Elementary School
Turner
Middle School
Southwest
High School
Palm Bay

Courtesy of Waterman Real Estate Inc.

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Calculator source: Real Geeks