220 Interstate CtPalm Bay, FL 32909

  • Industrial properties
  • 6,240 SF
For Sale
$1,100,000 View listing

Property Details for 220 Interstate Ct

Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.58 AC
Property size (Sq ft)
6,240 SF
Zone code
LI
Property type
Industrial properties
Property subtype
Other warehouses
APN
29-37-04-MZ-000JJ.0-0000.00
APU
293704MZ000JJ0000000

Description

This exceptional 2.2-acre commercial property, located at 220 Interstate Ct SE in Palm Bay, Florida (zip code 32909), presents a unique investment opportunity. Zoned for commercial and industrial use, this parcel boasts 6,240 square feet and is priced at $1,100,000, or $176.28 per square foot. Its strategic location at the intersection of Malabar Road and I-95 provides unparalleled visibility and accessibility, ensuring high exposure to a substantial local and regional market. Palm Bay, a thriving community with over 119,000 residents, a median household income of $50,653, and a median age of 42.4 years, offers a strong local economy. The property is situated within the rapidly developing Malabar Park area, a burgeoning industrial corridor poised for significant growth, including the addition of 275,000 square feet of flexible warehouse space. This site represents one of the last remaining parcels in this prime location, making it an exceptional opportunity for businesses seeking to establish or expand their operations in a dynamic and business-friendly environment. The property's convenient access to I-95 ensures seamless transportation and logistics. This is a rare chance to acquire a substantial land parcel in a high-growth area with excellent infrastructure and a strong local economy.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,963,019
    Hospitality
    $1,798,114
    Educational
    $1,496,010
    Medical
    $1,547,460
    Retail
    $2,327,127
220 Interstate Ct, Palm Bay, Florida

Location Insight

City
Palm Bay
County
Brevard
State
Florida
Latitude
27.9945
Longitude
-80.6268
CBSA code
37340
CBSA name
PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,795
$75,800
$278,500
$354,300
-
$75,800
$278,500
$354,300

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