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24-Unit Apartment Development
For Sale
$3,900,000

2160-2180 Agora Circle SE, Palm Bay, FL 32909

The unfinished project requires construction completion and final approvals before occupancy.

Property Size235,700 SF
Price / SF$16.55
Days on Market8

Property Features for 2160-2180 Agora Circle SE

General Information

Standard status Active
Size 235,700 SF
Property subtype Commercial
Lease Term []

Units

Unit Mix 24 x 2BR/2BA
Multifamily Units 24

Building Details

Year Built 2026
Construction concrete block
Listing Agency: Southern Tropics R.E. LLC
Listed By: Aida N Teague · License #3076756
Source: Onesothebysrealty
Added: Oct 17 Changed: Oct 23 Last Checked: Oct 23 at 5:33PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Southern Tropics R.E. LLC

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Investment Insights

Based on property information with market context.

This 24-unit apartment development in Palm Bay is offered in its current, incomplete condition. Plans call for 2-bedroom, 2-bathroom residences with 907 square feet of living space per unit. Concrete block construction is in place, with open living areas and balconies included in the plans.

Proposed interior features include granite countertops, stainless steel appliances, central air conditioning, ceiling fans, and indoor laundry rooms. Reserved parking is also planned. Construction completion and required final approvals are needed before occupancy. An existing loan may be assumable, subject to lender approval, buyer qualification, and verification of its terms.

Key Highlights

  • 24‑unit apartment project offered in incomplete condition
  • Planned residences have 2 bedrooms, 2 bathrooms, and 907 square feet each
  • Concrete block construction with open living areas and balconies in the plans

Property Analytics

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Lease Details

24
Residential units

Location Intelligence

Trade Area within ½ mile

702
Businesses Nearby

Demographics for 32909, FL

36,789
Population
14,278
Households
2.6
Avg Household Size
42
Median Age
23%
College-Educated
92%
High-School Grad
57.7 sq mi
ZIP Area
638
Density / Sq Mi
$76,708
Median Household Income
$36,071
Median Earnings
$1,502
Median Rent
$261,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The unfinished project requires construction completion and final approvals before occupancy.
Where is this apartment building located?
The property is located at 2160-2180 Agora Circle SE Palm Bay, FL.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 24‑unit apartment project offered in incomplete condition; Planned residences have 2 bedrooms, 2 bathrooms, and 907 square feet each; Concrete block construction with open living areas and balconies in the plans
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