220 Interstate CtPalm Bay, FL 32909

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

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.

• Alternative Use

  Use

  Valuation

  Residential

  $1,963,019

  Hospitality

  $1,798,114

  Educational

  $1,496,010

  Medical

  $1,547,460

  Retail

  $2,327,127

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

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