0 SE Port Malabar 40 Lot 1 Blk Street NE

Opportunity! Rare multifamily development parcel in one of the most desirable areas of Palm Bay. This 0.91-acre dry lot is zoned multifamily and allows for the construction of up to 18 apartment units, duplexes, or triplexes. The property features full city infrastructure, including city water, city sewer, electricity, and paved road frontage, making it ready for development. Conveniently located near major amenities and employment centers, the property is just minutes from Walmart, Eastern Florida State College, and Health First Hospital. Easy access to main roads, shopping, schools, and essential services supports strong long-term rental demand. Multifamily parcels of this size, zoning, and infrastructure are increasingly rare in Palm Bay. A prime opportunity for investors or developers seeking high growth potential in a strong, in-demand market.