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

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

Commercial Sale, Palm Bay, FL

Property Size235,700 SF
Lot Size1.52 Acres
Price / SF$16.55
Days on Market18

Property Features for 2160-2180 Agora Circle SE

General Information

Property type Residential Multi Family
Property subtype Other
Property condition Under Construction
Zoning description Multi Family
Bathrooms 48
Full bathrooms 48
Rooms Bathroom 27, Bathroom 34, Bathroom 32, Bathroom 47, Bathroom 25, Bathroom 11, Bathroom 41, Bathroom 8, Bathroom 12, Bathroom 7, Bathroom 15, Bathroom 30, Bathroom 33, Bathroom 5, Bathroom 10, Bathroom 39, Bathroom 43, Bathroom 23, Bathroom 14, Bathroom 3, Bathroom 45, Bathroom 35, Bathroom 1, Bathroom 18, Bathroom 38, Bathroom 31, Bathroom 42, Bathroom 48, Bathroom 29, Bathroom 17, Bathroom 28, Bathroom 44, Bathroom 20, Bathroom 40, Bathroom 24, Bathroom 36, Bathroom 46, Bathroom 4, Bathroom 13, Bathroom 2, Bathroom 6, Bathroom 21, Bathroom 37, Bathroom 22, Bathroom 19, Bathroom 9, Bathroom 26, Bathroom 16
Parking features Parking Lot
Subdivision Port Malabar Unit 40
Lot features Cul-De-Sac, Few Trees
Directions From Malabar head south on Babcock. Take the second left on Agora, heading east.
Standard status Active
APN 9-37-03-26-1982-17
Size 235,700 SF
Lot size 1.52 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 3782

Utilities

Sewer type Public Sewer
Heating system Central
Cooling system Central Air
Water source Public

Building Details

Year built 2026
Floors in Building 2
Number of units 24
Flooring type Vinyl
Building materials Block
Roof type Shingle
Listing Agency: Southern Tropics R.E. LLC
Listed By: Aida N Teague
Added: Oct 5 Changed: Oct 20 Last Checked: Oct 22 at 2:06PM
MLS# 1090445

Copyright © 2026 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.

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Investment Insights

Based on property information with market context.

This 1.52-acre project is an unfinished 24-unit apartment development in Palm Bay. The planned residences have two bedrooms, two bathrooms, 907 square feet of living area, and private balconies. Concrete-block construction is in place, with proposed interiors featuring granite counters, stainless steel appliances, central air conditioning, ceiling fans, and indoor laundry. Reserved parking is also planned for residents. Construction remains incomplete, and the buyer is responsible for finishing the work and obtaining final approvals before occupancy.

An existing loan may be assumed, subject to lender approval, buyer qualification, and confirmation of its terms.

Key Highlights

  • 24 planned apartment units on 1.52 acres
  • Each residence is planned with 2 bedrooms, 2 bathrooms, and 907 sq ft of living space
  • Concrete‑block construction with balconies and reserved parking planned

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 buyer will take over construction and secure final approvals before the residences can be occupied.
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 planned apartment units on 1.52 acres; Each residence is planned with 2 bedrooms, 2 bathrooms, and 907 sq ft of living space; Concrete‑block construction with balconies and reserved parking planned
More about this property
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