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420 Mercury Ave Palm Bay, FL 32909

For Sale
$159,900

Prime location, high demand, 22,651 SF lot.

Description

Added:
Dec 11, 2024
Days on Market:
364
This exceptional 22,651 square foot lot, located at 420 Mercury Avenue SE in Palm Bay, Florida (zip code 32909), presents a remarkable opportunity for multifamily development. Situated in a rapidly expanding area of Brevard County, this property offers significant potential for investors seeking to capitalize on the high demand for apartment housing in this thriving market. The land is classified as Commercial and zoned for Multifamily use, specifically as a Duplex/Triplex/Quadruplex. The asking price for this prime development site is $159,900. Convenient access to city water and electric connections is already in place, streamlining the development process and reducing initial infrastructure costs. This rare offering represents a compelling investment prospect in a location experiencing substantial growth and a strong rental market. The property's size and location make it ideal for a variety of multifamily projects, catering to the increasing need for rental units in the area. Don't miss this chance to acquire a highly desirable development site in a prime location. Act quickly, as opportunities like this are seldom available.

Property Features for 420 Mercury Ave

General Information

Property type
Multifamily properties

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Small apartment buildings

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Pharmacy

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

Location Insight

  • Map
  • Local Demand
City
Palm Bay
County
Brevard
State
Florida
Longitude
-80.617833
Latitude
27.990341

FAQs

What type of property is this?
Multifamily property - Prime location, high demand, 22,651 SF lot.
Where is this multifamily property located?
The property is located at 420 Mercury Ave Palm Bay, FL.
What is the asking price?
The asking price for this property is $159,900.
More about this property
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