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    624 Lynn St Palm Bay, FL 32908

    For Sale
    $35,000

    .35-acre lot, ideal for development. Prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional .35-acre (15,246 sq ft) commercial and residential lot is situated at 624 Lynn Street SW, Palm Bay, FL 32908. The pie-shaped parcel presents a unique opportunity for various development projects. Its location offers convenient access to Bayside High and Westside Elementary schools, enhancing its appeal. The property benefits from proximity to the thriving Bayside Lakes Commercial District, featuring amenities such as Publix, Walgreens, Dunkin', diverse restaurants, banking facilities, and a Health First Medical Center. For additional shopping, banking, and dining options, the popular Malabar Rd corridor is a short 12-minute drive north, also providing easy access to I-95. The property utilizes well water and a septic system. This up-and-coming area is experiencing growth with new homes being constructed nearby, making this a highly attractive investment opportunity. The asking price is $35,000. Consider the potential of this versatile land parcel in a rapidly developing area.

    Property Features for 624 Lynn St

    General Information

    Property type
    Land

    HighLights

    • .35‑acre (15,246 sq ft) commercial and residential lot in Palm Bay, FL.
    • Located at 624 Lynn Street SW, Palm Bay, FL 32908.
    • Convenient access to Bayside High and Westside Elementary schools.
    • Near Bayside Lakes Commercial District with Publix, Walgreens, restaurants, and a Health First Medical Center.
    • Close proximity to I‑95 via Malabar Rd (12‑minute drive).
    • Utilizes well water and septic.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.689246
    Latitude
    27.928158

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    FAQs

    What type of property is this?
    Land - .35-acre lot, ideal for development. Prime location.
    Where is this land located?
    The property is located at 624 Lynn St Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: .35-acre (15,246 sq ft) commercial and residential lot in Palm Bay, FL.; Located at 624 Lynn Street SW, Palm Bay, FL 32908.; Convenient access to Bayside High and Westside Elementary schools.
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    Palm Bay, FL 32908
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    624 Lynn St Palm Bay, FL 32908
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