550 Martin RdPalm Bay, FL 32909

  • Land
  • 0.55 AC
For Lease
$12/SF/YR View listing

Property Details for 550 Martin Rd

Lot size
0.55 AC
Property type
Land
Property subtype
Commercial land
APN
29-37-03-26-01990.0-0021.00
APU
9223372036854775807

Description

This exceptional 6,250-square-foot commercial property, located at 550 Martin Rd SE in Palm Bay, Florida, presents a unique opportunity for a single tenant. The building offers a flexible layout suitable for a variety of businesses, combining traditional office space with ample warehouse area. The property is zoned for General Commercial use, providing versatility for diverse operational needs. Situated in Brevard County, with a convenient Palm Bay address and zip code 32909, this location offers excellent accessibility. The entire 6,250 square feet is currently vacant, allowing for complete customization to suit a tenant's specific requirements. The building's size and layout are ideal for businesses requiring both office and storage or production space. This single-tenant occupancy ensures privacy and control over the entire premises. The property is ready for immediate occupancy, offering a streamlined transition for businesses seeking a new location. Interested parties are encouraged to inquire about lease terms and explore the possibilities this versatile space offers. The property's location in Palm Bay provides access to a growing market and a strong local economy. This is a rare opportunity to secure a substantial and adaptable commercial space in a desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $7,536,859
    Hospitality
    $6,903,722
    Educational
    $5,743,816
    Medical
    $5,941,354
    Retail
    $8,934,825
550 Martin Rd, Palm Bay, Florida

Location Insight

City
Palm Bay
County
Brevard
State
Florida
Latitude
27.9862
Longitude
-80.6208
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
$607
$30,000
-
$30,000
-
$30,000
-
$30,000

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