$1,300,000

Estimated payment $7,422/month

Total Views 2,487
16 Acres
$83,494 Price per Acre
678,229 Sq Ft Lot

About This Lot

This 15.57-acre parcel offers a long-term investment opportunity in the rapidly growing city of Palm Bay at a bargain value. The parcel is located in an area of SW Palm Bay that the locals call ''The Compound.'' Currently, there are no utilities in the area, so the land is not buildable at this time. But, it won't be this way for long. As the development of St. Johns Heritage Parkway extends, this area is positioned to become a key hub of commercial development. The parcel's close proximity to the projected Parkway's location and limited commercial zoning along the Parkway, ensure future land value appreciation and a prime location for business. Currently, vacant commercial parcels of land in the City of Palm Bay are selling for around $200,000 an acre or more. This parcel is being offered for a fraction of that. Now is a prime time to invest, before this land significantly appreciates. Invest in tomorrow's growth today!

Listing Agent

Alexandra Shupe

Real Broker LLC License #3378690

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,990

Lot Details

  • 15.57 Acre Lot
  • Zoning described as Commercial

Schools

  • Westside Elementary School
  • Southwest Middle School
  • Bayside High School

Utilities

  • Electricity Not Available
  • Natural Gas Not Available
  • Water Not Available
  • Sewer Not Available
  • Cable TV Not Available

Community Details

  • No Home Owners Association
  • Port Malabar Unit 51 Subdivision

Listing and Financial Details

  • Seller Concessions Not Offered

Property Details

Property Type

Land

Est. Annual Taxes

$1,990

Lot Details

0

Listing Details

  • Property Type: Land
  • Reso Property Sub Type: Unimproved Land
  • ResoLotFeatures: Other
  • Road Frontage Type: City Street
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Port Malabar Unit 51
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 15.57
  • Waterfront: No
  • Lot Features:Other21: Yes

Utilities

  • Utilities: Cable Not Available, Electricity Not Available, Natural Gas Not Available, Sewer Not Available
  • Water Source: None

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Southwest

Lot Info

  • Number Of Lots: 1
  • Current Use: Commercial, Unimproved
  • Lot Size Sq Ft: 678229.2
  • ResoLotSizeUnits: Acres
  • Zoning Description: Commercial
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 1989.7

MLS Schools

  • Elementary School: Westside
  • High School: Bayside

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2024 08/20/24 For Sale $1,300,000 -- --
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Similar Property in Palm Bay, FL

  • 0 Pilgrim Ln SE, Palm Bay, FL 32909

    $1,200,000

    • Land
    • 13 Acres
    • $96,000 per Acre
    • 0 Pilgrim Ln SE
    • Palm Bay, FL

    12.54 acres of vacant adjacent to 601 Pilgrim Lane SE. The property is currently zoned "Institutional". An assisted living facility is being built on the adjacent parcel to the south.

    Roger Lohse RE/MAX 5 Star Realty

    Section Image

Source: Space Coast MLS (Space Coast Association of REALTORS®)

MLS Number: 1022710

Space Coast MLS (Space Coast Association of REALTORS®)