Rare 1.87-acre multifamily residential development opportunity located in the rapidly growing Palm Bay market of Brevard County, Florida. Zoned RM-2 Multifamily Residential, the property is strategically positioned near Malabar Road and San Filippo Drive SE, providing convenient access to major retail corridors, medical services, schools, and regional transportation routes.
The surrounding area continues to experience significant residential and commercial growth driven by expansion throughout the Space Coast region, including continued demand for workforce and multifamily housing supporting aerospace, defense, technology, and healthcare employment sectors. Nearby employers and economic drivers include L3Harris Technologies, Northrop Grumman, Health First, and the broader Space Coast aerospace corridor.
The site consists of approximately 1.87 acres of vacant residential land with existing due diligence materials available, including surveys, environmental reports, and feasibility-related documentation. The parcel offers an attractive opportunity for multifamily developers, builders, and investors seeking infill residential development within one of Florida’s fastest-growing regions.
Conveniently located within minutes of:
Malabar Road retail and dining corridor
I-95 interchange access
Palm Bay Regional Park
Eastern Florida State College
Major employment centers throughout Melbourne and Palm Bay
Approximately 20 minutes to Melbourne Orlando International Airport
Buyer to independently verify zoning, density, utilities, development requirements, and intended use with the City of Palm Bay.
Mark Bouchard
Douglas Elliman
