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    1691 Welland St Palm Bay, FL 32909

    For Sale
    $42,000

    Prime location, 10,454 sq ft lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 10,454 square foot lot, located at 1691 Welland Street SE in Palm Bay, Florida, presents a unique opportunity for both commercial and residential development. Situated in Brevard County, zip code 32909, this almost quarter-acre parcel boasts a prime location just five minutes away from the convenient St. Johns Heritage Parkway/I-95 interchange, ensuring easy access to major transportation routes. The property is zoned for both commercial and residential use, offering considerable flexibility for potential buyers. The lot itself is ready for construction, with existing paved street access. This versatile land presents an excellent investment opportunity for those seeking to build a dream home or develop a commercial venture in a thriving Florida community. The coordinates are 27.946062 latitude and -80.623322 longitude. The asking price for this remarkable property is $42,000. Don't miss this chance to acquire a piece of Palm Bay's promising real estate market.

    Property Features for 1691 Welland St

    General Information

    Property type
    Land

    HighLights

    • $42,000 asking price for 10,454 square feet of land.
    • Located at 1691 Welland Street SE, Palm Bay, FL 32909.
    • Commercial and residential zoning.
    • Nearly a quarter‑acre lot, ready for development.
    • Prime location, five minutes from I‑95.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Kitchen & Bath Accounting Firm Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.623322
    Latitude
    27.946062

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    FAQs

    What type of property is this?
    Land - Prime location, 10,454 sq ft lot.
    Where is this land located?
    The property is located at 1691 Welland St Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $42,000.
    What are key features of this property?
    This property features: $42,000 asking price for 10,454 square feet of land.; Located at 1691 Welland Street SE, Palm Bay, FL 32909.; Commercial and residential zoning.
    Request Owner's contact information
    1691 Welland St Palm Bay, FL 32909
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    Palm Bay, FL 32909
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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
    1691 Welland St Palm Bay, FL 32909
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