NOT LISTED FOR SALE
1.59 Acres
-- Price per Acre
69,260 Sq Ft Lot

Last Sold June 21, 2024

Last sale price $450,000

46 Days on Market

Highlights

  • 1.59 Acre Lot
  • Wooded Lot
  • No HOA

About This Lot

As of June 2024

Calling all investors and owner-users! Don't miss out on this incredible chance to own prime commercial land in the thriving market of Palm Bay. With the local population booming, the demand for commercial properties is on the rise. This property offers 1.59 acres of upland space complete with water and sewer services. Boasting 345' of frontage on Martin and 100' on Thor Ave., it provides convenient access from both sides. The potential uses for this property are endless. Investors could capitalize by constructing metal buildings and dividing them into warehouses for lucrative rental income. Owner-users, on the other hand, can utilize a portion of the property while leasing out the rest for additional revenue streams.
Comprising two parcels: one approximately 0.52 acres on Thor Ave. and the remainder approximately 1.07 acres—there's flexibility for potential buyers. The seller may also entertain offers for individual parcels, with possible price adjustments. call if you don't need 2 If you happen to be an investor or owner, user, and an investor, no matter what the situation, this is an amazing opportunity to own a commercial land in an exciting market of growing Palm Bay. With the remarkable growth of population locally, the demand for commercial is increasing. This property is 1.59 acre of upland property with water and sewer. With 345' frontage on Martin and 100' on Thor Ave. giving you access on both side. The highest and best use of the property are many to list. An investor could build metal building and divide as warehouses for great rental investment. An owner user also can utilize part of the property and lease the remainder for a great income potential. Easy access from Babcock St. which is being considered for widening with no specific date and also short distance to two I-95 interchange, 166 & 173. Also, US-1 is minutes to the east.
The property consist of 2 parcels. One on Thor ave for about 0.52 acre and the remainder for 1.07 +/-. The seller may consider selling them separately and price adjustment.

Last Agent to Sell the Property

vahid rajabian

M. David Moallem, Inc License #3454072 Listed on: 04/01/2024

Last Buyer's Agent

Non-Member Non-Member Out Of Area

Non-MLS or Out of Area License #nonmls

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,639

Lot Details

  • 1.59 Acre Lot
  • Irregular Lot
  • Wooded Lot
  • 2 Lots in the community
  • Zoning described as Commercial

Home Design

  • Asphalt

Schools

  • Port Malabar Elementary School
  • Stone Middle School
  • Palm Bay High School

Utilities

  • Cable TV Available

Community Details

  • No Home Owners Association
  • Port Malabar Unit 40 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 29-37-03-26-1991-9,11

Property Details

Property Type

Land

Est. Annual Taxes

$2,639

Lot Details

0

Listing Details

  • Property Type: Land
  • Reso Property Sub Type: Unimproved Land
  • ResoLotFeatures: Irregular Lot, Wooded
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Port Malabar Unit 40
  • Location Tax and Legal Parcel Number2: 29-37-03-26-1991-9,11
  • Location Tax and Legal Elementary School: Port Malabar
  • Location Tax and Legal Middle School2: Stone
  • Location Tax and Legal High School: Palm Bay
  • Location Tax and Legal Tax Annual Amount: 2638.98
  • Location Tax and Legal Tax Year2: 2023
  • General Property Information Lot Size Acres: 1.59
  • General Property Information Lot Size Square Feet2: 69260.0
  • General Property Information Waterfront YN: No
  • General Property Information Senior Community YN: No
  • Road Surface Type Asphalt: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Water Source Public: Yes
  • Utilities Water Available: Yes
  • Utilities Sewer Available: Yes
  • General Property Information Lot Size Dimensions: Irregular
  • Utilities Electricity Available: Yes
  • General Property Information Number Of Lots2: 2.0
  • General Property Information Land Lease YN2: No
  • Location Tax and Legal Zoning Description2: Commercial
  • General Property Information CDD Fee YN: No
  • Development Status Raw Land: Yes
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Exterior Features

  • Pool Features: None
  • Acres: 1.59
  • Waterfront: No
  • Lot Features:Wooded: Yes
  • Lot Features:Irregular Lot: Yes

Utilities

  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Stone

Lot Info

  • Number Of Lots: 2
  • Current Use: Commercial, Investment, Unimproved
  • Land Lease: No
  • Lot Dimensions: Irregular
  • Lot Size Sq Ft: 69260.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 29-37-03-26-1991-9,11
  • Zoning Description: Commercial
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2638.98

MLS Schools

  • Elementary School: Port Malabar
  • High School: Palm Bay

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2024 06/21/24 Sold $450,000 -10.0% --
05/18/2024 05/18/24 Pending -- -- --
04/01/2024 04/01/24 For Sale $500,000 -- --
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Space Coast MLS (Space Coast Association of REALTORS®)

MLS Number: 1009511

Space Coast MLS (Space Coast Association of REALTORS®)