CITY OF PALM BAY, FLORIDA

Located on Agora Circle in Palm Bay, Florida, The Palms Apartments is a fully entitled and approved, shovel-ready 48-unit multifamily development. The project consists of two thoughtfully designed 24-unit buildings with spacious two-bedroom, two-bathroom residences. Planned features include open-concept living areas, private balconies, in-unit laundry, modern finishes, and ample on-site parking. Civil and architectural plans are complete, building permits have been submitted and paid for, and preconstruction activities are underway.

The property is positioned near healthcare, higher education, shopping, dining, and the Malabar Road corridor, with access to Interstate 95 and the broader Space Coast. Regional employers in aerospace, defense, engineering, manufacturing, and healthcare contribute to the area’s employment base. These include L3Harris in Palm Bay and Melbourne, as well as Northrop Grumman, Collins Aerospace, Embraer, and Lockheed Martin across the Space Coast. The region also offers Atlantic beaches, Port Canaveral, and access to Orlando’s major attractions.

Subject Property Location 2071, 2081, 2091, 1801, 00 Agora Circle SE Palm Bay, Florida 32909 Is:

Approximately 1 mile to Health First’s Palm Bay Hospital, a nearby healthcare facility and employment center.
Approximately 1.2 miles to Palm Bay Medical Office Center, adding to the concentration of medical services near the property.
Approximately 1.7 miles to Publix, Home Depot, Walmart, and Lowe’s, providing convenient access to groceries and everyday shopping.
Within approximately 2 miles of numerous dining options, including Chick-fil-A, Sonic, Waffle House, McDonald’s, Wendy’s, Texas Roadhouse, Dunkin’, and Sonny’s BBQ.
Approximately 2.2 miles to Eastern Florida State College, a local source of education and workforce training.
Approximately 3.8 miles to the Indian River Lagoon area, with access to waterfront recreation.
Approximately 12 miles to Indialantic and the Atlantic Ocean, offering beach access within the wider Melbourne area.
Convenient access to Malabar Road and Interstate 95. In 2024, Malabar Road between San Filippo Drive and I-95 carried approximately 57,100 vehicles per day, while I-95 between Malabar Road and Palm Bay Road carried approximately 64,500 vehicles per day. These are counts for nearby roadway segments, not traffic directly past the property.
Approximately 40 miles to Port Canaveral, a major regional cruise hub. The port recorded more than 8.6 million cruise passenger movements in fiscal year 2025, averaging approximately 165,000 movements per week. Passenger movements include both embarkations and disembarkations.
Approximately 70–85 miles to the Orlando attractions area, including Walt Disney World, Universal Orlando Resort, and SeaWorld Orlando. The distance varies by park and driving route.