Dreyer & Associates Real Estate Group - Commercial Division
9500 Babcock Street, Palm Bay, FL 32909
Calumet Farms - INCOME PRODUCING LAND
Dreyer & Associates1920 Highway A1A
Indian Harbor Beach, FL 32937www.dreyercommercial.com
Contact:
Michael Dreyer, CCIM, [email protected]
Calumet Farms - INCOME PRODUCING LANDWith Extractable Coquina Rock
Contact:
Dreyer & Associates1920 Highway A1A
Indian Harbor Beach, FL 32937www.dreyercommercial.com
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty, or representation about it. It is your responsibility toindependently confirm the accuracy and completeness. Any projections, opinions, assumptions or estimated uses are for example only and do not represent the current or future performance of the property. The value of thistransaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful independent investigation of the property for your needs.The information provided is subject to change without notice. Dreyer & Associates Real Estate Group assumes no responsibility for any errors, omissions, or changes.
Michael Dreyer, CCIM, [email protected]
PROPERTY HIGHLIGHTS
• Income-Producing Land Opportunity! A current geological study showsapproximately $180,000,000+ potentially extractible coquina rock. Thiswould consist of approximately $26,878,110.00 of overburden or generalconstruction fill and $156,331,900.00 of actual mineable coquina.
• Property is 2,123 ± acres with over a mile of frontage on Babcock Street(5,800 ± feet) / RE Tax: $4,170
The subject property is located on the West side of Babcock Street south of MiccoRoad, 2.5 miles south of the proposed St. Johns Heritage Parkway Bay and on thenorth side of Centerlane Road in Palm Bay, Brevard County, Florida. Site is 2 milesnorth of C54 Canal, the Indian River County line. Babcock Street (SR 507) is a majornorth/south artery that runs from US 1 in North Melbourne south to Fellsmere inIndian River County. Babcock Street in the Melbourne/Palm Bay area is a majorcommercial corridor with many major shopping centers, retailers, restaurants,banks, and office/medical buildings destined to expand south.
LOCATION OVERVIEW
OFFERING SUMMARY
Sale Price: $37,000,000
Lot Size: 2,123 Acres
Market: Brevard
9500 Babcock Street, Palm Bay, FL 32909
FOR SALE
Other Executive Summary
PROPERTY HIGHLIGHTS• Income-Producing Land Opportunity! A current geological
study shows approximately $180,000,000+ of extractiblecoquina rock.
• Master Planned for mixed-use - 30% open space - 19 acrescivic/public space / wildlife corridors, large storm-waterretention/detention areas in a park-like setting
• Land Use is 'CALUMET FARMS', a designated land in the Cityof Palm Bay (Comprehensive Plan via Ord. No. 2010-68)Mixed Use Development.
• Project density: 1.5 units per acre / cap of 3,184 living units /Commercial and office use limited to 180,000 sf
• Property included in the urban service boundary of Palm Bayfor future utilities. No active water or sewer at this time.
• Due to the St Johns Heritage Parkway being slated forcompletion by November 2019 and new I95 SJHP Interchangerecently completed, this area is slated for high growth in theimmediate future. This development will provideneighborhood and community commercial uses nearer thepopulation centers of the City that are moving toward thefuture interchange. Sustainable development patterns,creation of village like projects, clustered developments, andextensive open space characterize the form of thedevelopment proposed.
• Of the eastern section of the parcel, consisting of 376 acres,the property is currently under construction as a coquinamine, to be reclaimed for development upon completion.The mining will be executed in three phases.
• Phase I will begin with the 80 acres on the southeast cornerof the parcel. Of this, approximately 50 acres is currentlybeing excavated for a manmade lake.
• Phase II will also include a 50-acre lake on the northeastcorner.
• Phase III consists of the center section on the east side of theproperty. Phase 3 will also contain the third 50-acre lake.
• This construction project will leave 226 acres of uplands onthe eastern portion.
• The Western side of the parcel consists of approximately 900acres, which has $22,500,000.00 in mitigation credits.
Contact:
Dreyer & Associates1920 Highway A1A
Indian Harbor Beach, FL 32937www.dreyercommercial.com
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty, or representation about it. It is your responsibility toindependently confirm the accuracy and completeness. Any projections, opinions, assumptions or estimated uses are for example only and do not represent the current or future performance of the property. The value of thistransaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful independent investigation of the property for your needs.The information provided is subject to change without notice. Dreyer & Associates Real Estate Group assumes no responsibility for any errors, omissions, or changes.
Michael Dreyer, CCIM, [email protected]
9500 Babcock Street, Palm Bay, FL 32909
FOR SALE
Other Complete Highlights
GROWTH AND INDUSTRY HIGHLIGHTS
• Tourism and employers have a significant impact on BrevardCounty. The Space Industry is active in Brevard County, withestablished employers include Boeing, United LaunchAlliance, L3/Harris Corporation, Lockheed Martin/Astrotech,Orbital ATK, Embraer Aero Seating Technologies, EcklerCorporation, Knight Armament, US Aviation TrainingSolutIons and Space Coast Regional Airport. Adding to theindustry and attraction in the area around Kennedy SpaceCenter are Blue Origin, Firefly and One Web and Boeing rivalcompanies for manned space flight, SpaceX and SierraNevada Corp.
• To address the increased new demands of the space industryand growing cargo and cruise sector, Port Canaveral has aplanned expansion. The area to be acquired by the Port is825 feet, along with 1.89 acres of land, and 1.03 acres ofparking. There are also future plans for crane-sharing withSpacex.
• Carnival Cruise line is planning a new $163 Million terminal atPort Canaveral to accommodate their new Mardi Gras ship.In addition, Canaveral Port Authority and Disney Cruise Linehave reached a new 20-year agreement for expanded cruiseoperations and arrival of new Disney ships.
• The Space Coast's only international airport, Orlando-Melbourne International Airport (MLB) is located on Florida'sSpace Coast, in southern Brevard County. The Orlando-Melbourne International Airport is home to Embraer'sassembly center for its Phenom 100 and Phenom 300, withtheir new Legacy 450 and Legacy 500 aircraft manufacturingfacility. Northrop Grumman, GE Transportation, L3Communications, Thales Group, Rockwell Collins, GeneralDynamics and the world headquarters of Harris Corporationare all airside at MLB.
Contact:
Dreyer & Associates1920 Highway A1A
Indian Harbor Beach, FL 32937www.dreyercommercial.com
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty, or representation about it. It is your responsibility toindependently confirm the accuracy and completeness. Any projections, opinions, assumptions or estimated uses are for example only and do not represent the current or future performance of the property. The value of thistransaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful independent investigation of the property for your needs.The information provided is subject to change without notice. Dreyer & Associates Real Estate Group assumes no responsibility for any errors, omissions, or changes.
Michael Dreyer, CCIM, [email protected]
9500 Babcock Street, Palm Bay, FL 32909
AROUND BREVARD COUNTY
Other Complete Highlights
Contact:
Dreyer & Associates1920 Highway A1A
Indian Harbor Beach, FL 32937www.dreyercommercial.com
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty, or representation about it. It is your responsibility toindependently confirm the accuracy and completeness. Any projections, opinions, assumptions or estimated uses are for example only and do not represent the current or future performance of the property. The value of thistransaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful independent investigation of the property for your needs.The information provided is subject to change without notice. Dreyer & Associates Real Estate Group assumes no responsibility for any errors, omissions, or changes.
Michael Dreyer, CCIM, [email protected]
9500 Babcock Street, Palm Bay, FL 32909
FOR SALE
Other Additional Photos
Contact:
Dreyer & Associates1920 Highway A1A
Indian Harbor Beach, FL 32937www.dreyercommercial.com
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty, or representation about it. It is your responsibility toindependently confirm the accuracy and completeness. Any projections, opinions, assumptions or estimated uses are for example only and do not represent the current or future performance of the property. The value of thistransaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful independent investigation of the property for your needs.The information provided is subject to change without notice. Dreyer & Associates Real Estate Group assumes no responsibility for any errors, omissions, or changes.
Michael Dreyer, CCIM, [email protected]
9500 Babcock Street, Palm Bay, FL 32909
FOR SALE
Other Location Maps
Contact:
Dreyer & Associates1920 Highway A1A
Indian Harbor Beach, FL 32937www.dreyercommercial.com
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty, or representation about it. It is your responsibility toindependently confirm the accuracy and completeness. Any projections, opinions, assumptions or estimated uses are for example only and do not represent the current or future performance of the property. The value of thistransaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful independent investigation of the property for your needs.The information provided is subject to change without notice. Dreyer & Associates Real Estate Group assumes no responsibility for any errors, omissions, or changes.
Michael Dreyer, CCIM, [email protected]
* Demographic data derived from 2010 US Census
POPULATION 1 MILE 10 MILES 30 MILESTOTAL POPULATION 131 108,159 540,407MEDIAN AGE 47.8 42.8 45.2MEDIAN AGE (MALE) 47.8 41.4 43.7MEDIAN AGE (FEMALE) 49.1 44.3 46.4
HOUSEHOLDS & INCOME 1 MILE 10 MILES 30 MILESTOTAL HOUSEHOLDS 46 41,420 221,201# OF PERSONS PER HH 2.8 2.6 2.4AVERAGE HH INCOME $79,881 $57,164 $67,557AVERAGE HOUSE VALUE $374,696 $215,509 $236,971
9500 Babcock Street, Palm Bay, FL 32909
FOR SALE
Other Demographics Map
