Babcock St & Capital Dr SE, Palm Bay, FL 32909, USA

This outparcel, offering up to ±1.12 acres, presents a unique opportunity for ground lease or build-to-suit development in the expanding Palm Bay, Florida market. Situated adjacent to a newly constructed Publix shopping center, the property benefits from exceptional visibility along Babcock Street and convenient access with multiple points of ingress and egress. The location provides cross access along both Babcock Street and St. Johns Heritage Parkway. The site is poised to benefit from the proposed St. Johns Heritage Parkway extension, which will establish a crucial north-south corridor linking Interstate 95 with US Highway 192. This location is positioned in an area experiencing a significant growth rate, with an expected 9.59% population increase within a one-mile radius.