Palm Bay, FL 32909,530 Thor AVE SE
Palm Bay, FL 32909,530 Thor AVE SE
Palm Bay, FL 32909,530 Thor AVE SE
Palm Bay, FL 32909,530 Thor AVE SE
Palm Bay, FL 32909,530 Thor AVE SE
Palm Bay, FL 32909,530 Thor AVE SE
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$450,000

$500,000

10.0%
Est.Price: ?

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Est. payment /mo

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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Space Coast Association of Realtors (Brevard MLS)
Listed by M. David Moallem, Inc
Bought with Non-MLS or Out of Area
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veltri@veltrigroupofbrevard.com

1400 International Pkwy, Mary, FL, 32746

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