310 Mercury AvePalm Bay, FL 32909

Property Details for 310 Mercury Ave

Property type

Other commercial real estate

Property subtype

Multifamily properties

Description

This exceptional 28,314 square foot lot, located at 310 Mercury Avenue SE in Palm Bay, Florida (zip code 32909), presents a remarkable investment opportunity. Zoned for multifamily development, this property offers significant potential for building apartments in a high-demand market. The land is conveniently situated and boasts readily available city water and electric connections, streamlining the development process and minimizing upfront infrastructure costs. A key advantage is the lot's ideal grade, eliminating the need for expensive land filling or leveling, thus saving considerable time and resources during construction. This translates to a faster project timeline and enhanced profitability. The property's classification includes Commercial, Apartment Building, and Residential designations, reflecting its versatility and suitability for various development plans. This is a rare chance to capitalize on the thriving Palm Bay real estate market and build a substantial investment portfolio. Act quickly to secure this exceptional opportunity before it's gone. The asking price for this prime lot is $159,900.

Location Insight

City

Palm Bay

County

Brevard

State

Florida

Latitude

27.9927

Longitude

-80.6178

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