1790 Palm Bay RdPalm Bay, FL 32905

  • Land
  • 1,512 SF
For Sale
$3,200,000 View listing

Property Details for 1790 Palm Bay Rd

Year built
1938
Construction
WOOD FRAME
Lot size
7.10 AC
Property size (Sq ft)
1,512 SF
Zone code
CC
Property type
Land
Property subtype
Commercial land
APN
28-37-22-00-00502.0-0000.00
APU
9223372036854775807

Description

This exceptional 309,276 square foot commercial land parcel presents a rare development opportunity in Palm Bay, Florida. Located at 1790 Palm Bay Road NE, this 7+ acre site boasts 250 feet of frontage on a high-traffic road, offering unparalleled visibility and accessibility. Its prime location just east of Babcock Street provides easy access to major thoroughfares and surrounding amenities. The zoning allows for a variety of development options, including the construction of office or retail spaces, capitalizing on the high traffic counts along Palm Bay Road. The expansive lot also presents the possibility of incorporating residential components, such as condominiums, taking advantage of the property's size and location. The property's proximity to the Indian River (within 3 miles) adds to its appeal, offering scenic views and recreational opportunities. Furthermore, the area is served by A-rated schools, and a variety of retail shops and entertainment venues are conveniently located nearby. This is an ideal investment for developers seeking a high-impact project in a thriving Florida community. The asking price for this unique property is $3,200,000. The property is located in Brevard County, Florida, zip code 32905.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $475,655
    Hospitality
    $435,697
    Educational
    $362,495
    Medical
    $374,962
    Retail
    $563,881
1790 Palm Bay Rd, Palm Bay, Florida

Location Insight

City
Palm Bay
County
Brevard
State
Florida
Latitude
28.0332
Longitude
-80.618
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
$8,822
$477,150
-
$477,150
-
$477,150
-
$477,150

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