Contacts
Virgilio Fernandez
Mitash Kripalani
Alain Crego
Property Details
- Property Type Other
- Lot Size 12.63 Acre
- Additional Rent Contact for pricing
- Date Updated Nov 20, 2024
Colliers is pleased to present Oasis Melbourne, an exceptional multifamily development opportunity located in the heart of Melbourne, Florida. This prime 12.63-acre site, situated just one mile north of Palm Bay Road NE on South Babcock Street, offers an unparalleled chance to capitalize on the burgeoning demand for high-quality housing in America’s new “High Tech Titan.” With approximately 663 feet of direct frontage on South Babcock Street, the property boasts excellent visibility and accessibility.
Oasis Melbourne has secured Live Local approval, allowing for the development of up to 1,525 units with a maximum height of 48 feet across four stories. The current plan includes 300 units, with 120 designated as moderateincome units. Additionally, the development qualifies for $149,358 in deferred impact fees, further enhancing its financial appeal. The flexible nature of the Live Local approval allows for administrative increases in unit count post-closing, providing significant upside potential for investors. The average median income for Brevard County is $100,000, making the subject project profitable compared to other counties.
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Getting around
-
42/100
Walk Score ®
-
41/100
Bike Score ®
Location
- City Melbourne, FL
- Zip Code 32901
- Market Orlando
Points of Interest
-
Sunoco
0.24 miles
-
BP
0.27 miles
-
7-Eleven
0.30 miles
-
Cumberland Farms
0.71 miles
-
Speedway
0.74 miles
-
Mobil
1.02 miles
-
Shell
1.27 miles
-
Circle K
1.29 miles
-
BJ's Gas
1.31 miles
-
Tesla Supercharger
2.63 miles
-
Joe Mullins Park Parking
0.47 miles
-
Columbia Village Parking Garage
1.57 miles
-
B1 Parking
2.97 miles
-
Driver Training Lot
3.02 miles
-
Rental Car Lot
3.57 miles
-
Palm Bay Lot
3.71 miles
-
South Malabar Parking
3.89 miles
-
Central Parking - Main Lot
5.38 miles
-
North Parking - East of Main Building
5.43 miles
-
West Parking - Back Lot
5.49 miles
-
Hampton Inn & Suites
1.56 miles
-
Quality Inn
1.70 miles
-
Hyatt Place
1.92 miles
-
Home2 Suites
1.97 miles
-
SpringHill Suites
2.01 miles
-
Crane Creek Inn
2.36 miles
-
Super 8
2.78 miles
-
Residence Inn Melbourne
2.84 miles
-
Courtyard
3.02 miles
-
Hilton Melbourne, FL
3.07 miles
-
Walmart Neighborhood Market
0.66 miles
-
Publix
0.94 miles
-
Thrifty Produce
1.03 miles
-
Walmart Supercenter
1.65 miles
-
Bravo
1.76 miles
-
ALDI
1.82 miles
-
Winn-Dixie
1.95 miles
-
Bealls Outlet
2.01 miles
-
Target
2.41 miles
-
Ross
2.43 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
