220 Interstate CtPalm Bay, FL 32909
- Industrial properties
- 6,240 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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