1.6 Acres of Commercial Land for Sale in Palm Bay, Florida

530 Thor Ave SE, Palm Bay, FL 32909

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$500,000
1.59 acres
Active sale agoEst $4,910/mo

Calling all investors and owner-users! Don't miss out on this incredible chance to own prime commercial land in the thriving market of Palm Bay. With the local population booming, the demand for commercial properties is on the rise. This property offers 1.59 acres of upland space complete with water and sewer services. Boasting 345' of frontage on Martin and 100' on Thor Ave., it provides convenient access from both sides. The potential uses for this property are endless. Investors could capitalize by constructing metal buildings and dividing them into warehouses for lucrative rental income. Owner-users, on the other hand, can utilize a portion of the property while leasing out the rest for additional revenue streams.

Comprising two parcels: one approximately 0.52 acres on Thor Ave. and the remainder approximately 1.07 acres--there's flexibility for potential buyers. The seller may also entertain offers for individual parcels, with possible price adjustments. call if you don't need 2 If you happen to be an investor or owner, user, and an investor, no matter what the situation, this is an amazing opportunity to own a commercial land in an exciting market of growing Palm Bay. With the remarkable growth of population locally, the demand for commercial is increasing. This property is 1.59 acre of upland property with water and sewer. With 345' frontage on Martin and 100' on Thor Ave. giving you access on both side. The highest and best use of the property are many to list. An investor could build metal building and divide as warehouses for great rental investment. An owner user also can utilize part of the property and lease the remainder for a great income potential. Easy access from Babcock St. which is being considered for widening with no specific date and also short distance to two I-95 interchange, 166 & 173. Also, US-1 is minutes to the east.

The property consist of 2 parcels. One on Thor ave for about 0.52 acre and the remainder for 1.07 +/-. The seller may consider selling them separately and price adjustment.

Directions

From I-95 exit 173 go East on Malabar Rd. Right on Babcock, Left on Convair St. Right on Martin the property will be on left before the last curve

Property details

Coordinates
27.9865, -80.62
Community
Port Malabar Unit 40
Zoning
Commercial
Elevation
23 feet
MLS Number
SCAOR 1009511
Date Listed

Legal description

Parcels

  • 29-37-03-26-1991-9

Property taxes

2023
$2,639

Resources

This 1.59-acre property is located at 530 Thor Ave SE in Palm Bay, FL 32909 with latitude 27.9865 and longitude -80.62. The property is currently available for sale for $500,000 with a price per acre of $314,465. Listing data is sourced from Space Coast Association of Realtors # 1009511.

Verify sale details at the property source or contact M. David Moallem at (321) 917-6596.

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Copyright (C) 2024 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Listing checked and updated . Parcel data by Regrid.

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