$450,000
$500,000
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1.59 Acres Lot
SOLD DATE : 06/21/2024
Key Details
Sold Price $450,000
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Sold
Purchase Type For Sale
Subdivision Port Malabar Unit 40
MLS Listing ID 1009511
Sold Date 06/21/24
HOA Y/N No
Originating Board Space Coast MLS (Space Coast Association of REALTORS®)
Annual Tax Amount $2,638
Tax Year 2023
Lot Size 1.590 Acres
Acres 1.59
Lot Dimensions Irregular
Property Description
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.
Location
State FL
County Brevard
Area 342 - Malabar/Grant-Valkaria
Direction 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
Exterior
Exterior Feature ExteriorFeatures
Pool None
Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available
Waterfront No
Present Use Commercial,Investment,Unimproved
Street Surface Asphalt
Road Frontage City Street
Garage No
Building
Lot Description Irregular Lot, Wooded
Sewer Public Sewer
Water Public
Schools
Elementary Schools Port Malabar
High Schools Palm Bay
Others
Senior Community No
Tax ID 29-37-03-26-1991-9,11
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
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