This parcel located on Orange Blossom Trail NE (unaddressed Parcel ID: 28-37-24-25-6-13 and Tax ID: 2866312) has been in the current ownership(s) of the Bayfront Community Redevelopment Agency (CRA) since 2011, the parcel was part of a 5.63-acre parcel located at 1626 Orange Blossom Trail NE (OBT) purchased by the CRA from John Roman Koske for $505,980 as part of a conceptual plan in which the parcel would be used for future improvements of the Basin 3 drainage system. After construction of Koske Pond the 5.63-acre parcel was subdivided into three (3) parcels. On March 3, 2022, the CRA declared this property as surplus real estate. On March 17, 2022, City Council declared this property as surplus real estate.

This property is located directly north of 1608 Orange Blossom Trail NE and is adjacent to the FEC Railroad main line and contains approximately 0.58 acres or 25,265 SF.  The property is approximately 210 feet deep, and 120 feet of frontage along Orange Blossom Trail NE.

On February 24, 2022, the City received an appraisal from W. H. Benson providing for an appraised value of $90,000.  The City’s commercial broker, ONE Sotheby’s International, provided a revised Broker Price Opinion (BPO) which was executed on May 16, 2022. The BPO uses the sales comparison approach and appraised value and estimates that the parcel is valued at $90,000.

On June 6, 2023, the City received a Vacant Land Contract from Palm Bay Landing LLC (Mike Timmons) in the amount of $90,000. At the September 7, 2023, regular Bayfront CRA Meeting 2023-05, the Board approved the City Manager to execute purchase contract for $90,000.  At the October 5, 2023, regular City Council Meeting 2023-25, the Council approved the City Manager to execute purchase contract for $90,000.