3260 Dixie HwyPalm Bay, FL 32905

Property Details for 3260 Dixie Hwy

Year built

1954

Lot size

0.43 AC

Property size (Sq ft)

4,426 SF

Zone code

HC

Property type

Specialty properties

Property subtype

Other shopping centers

APN

28-37-11-76-0000C.0-0001.00

APU

283711760000C0000100

Description

This exceptional 0.43-acre commercial land parcel, located at 3260 Dixie Highway NE in Palm Bay, Florida (zip code 32905), presents a remarkable investment opportunity. Situated directly on US-1, this property boasts exceptional visibility and accessibility, with daily traffic counts exceeding 31,360 vehicles. The lot measures approximately 155 feet by 120 feet, providing ample space for development. The zoning is designated as Highway Commercial (HC), offering a wide range of potential uses. All utilities are readily available. For added convenience, the lot will be cleared and leveled prior to sale, minimizing upfront development costs. Its prime location offers easy access to downtown Melbourne. The asking price for this ready-to-develop property is $259,000. A lease option is also available at a monthly rate of $2,000 plus taxes

• CAP approach

  CAP return

  Valuation

  6%

  $1,788,171

  6.5%

  $1,650,619

  7%

  $1,532,718

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,751,437

  Geo Method

  $1,751,437

• Alternative Use

  Use

  Valuation

  Residential

  $1,392,359

  Hospitality

  $1,275,393

  Educational

  $1,061,112

  Medical

  $1,097,606

  Retail

  $1,650,619

Location Insight

City

Palm Bay

County

Brevard

State

Florida

Latitude

28.0592

Longitude

-80.5928

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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