• For Sale / For Lease | Multi-Tenant Flex Opportunity – This ± 6,540 SF multi-tenant flex property is available for sale or lease, offering flexibility for investors and owner-users alike. The property consists of five total units, including three office suites and two warehouse bays with demising walls between all units, allowing for flexible occupancy configurations. Currently, two units are recently vacant, creating immediate upside through lease-up potential, owner occupancy, or repositioning opportunities.
• Flexible Income & Owner-User Potential – Existing tenancy structure provides optionality for investors seeking to increase occupancy and rental income, while vacant space creates an opportunity for owner-users to occupy a portion of the property and benefit from additional income generated by existing tenants. The property also offers tenant stability, with both existing tenants having occupied the site since 2011 (approximately 15 years), providing a proven and consistent income source.
• Strategic Palm Bay Location – Located just off Babcock Street and Agora Cir SE in Palm Bay, Florida, the property is positioned within an established industrial corridor surrounded by manufacturers, contractors, service businesses, and other industrial users. The site is approximately ± 0.2 miles from Malabar Rd (49,000+ VPD), providing strong connectivity to major retail corridors, residential growth, and regional transportation routes. Palm Bay continues to experience commercial and population growth driven by expanding employment throughout Brevard County.
• Exceptional Regional Connectivity – Situated less then one mile from I-95 Exit 173, providing convenient access throughout Brevard County, the Space Coast, Orlando, and South Florida markets.
• Strong Demand for Small Bay Industrial & Flex Space – Small bay and flex properties continue to experience strong demand throughout Brevard County due to limited inventory and increasing business expansion within the region. Flexible warehouse and office configurations remain highly sought after by owner-users, contractors, and service-related businesses.
• Beneficiary of Space Coast Economic Growth – The Space Coast has experienced significant economic expansion fueled by aerospace, defense, manufacturing, and technology sectors. Continued investment from major aerospace employers and contractors has contributed to increased demand for industrial, warehouse, and flex space throughout the market.
• Opportunity for Future Rental Growth – Month-to-month tenancy structures may provide future flexibility to adjust rents to market levels, restructure leases, or increase occupancy, creating potential value-add opportunities for investors.
• Brevard County’s population – Exceeds 671,000 residents and continues to grow at an annual rate of approximately 1.16% to 1.8% . Since 2020, the county has experienced more than 10% population growth , driven by domestic migration, aerospace expansion, and the growing Space Coast economy. Investment surrounding Kennedy Space Center and growth in manufacturing and technology sectors continue to support job creation and long-term demand for industrial and flex space throughout the region.