$1,500,000

The Clearmont St NE tract is a permit-ready multifamily development site in northeast Palm Bay: 3.52 acres zoned RM-15 with High Density Residential future land use. Multifamily is permitted by right at 15 units per acre, a yield of up to 52 units. Ownership holds an engineered plan set for the tract. The tract is irregular in shape, about 620 feet long and 300 feet at its widest, with about 150 feet of frontage on Clearmont St NE, a four-lane divided road. It is wooded and unimproved. City of Palm Bay water, sewer, and reclaimed water are at the street. Flood Zone X, with no wetland mapped on the National Wetlands Inventory layer.