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    2888 Lakeland Ave Palm Bay, FL 32908

    For Sale
    $42,000

    Palm Bay, FL: 10,019 sq ft wooded lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 10,019 square foot commercial and residential land parcel is located at 2888 Lakeland Avenue in Palm Bay, Florida, zip code 32908. The property boasts a desirable wooded setting with canal frontage, ensuring privacy from neighbors. The area is experiencing significant growth, evidenced by ongoing new construction and well-maintained paved roads. Local zoning regulations mandate a minimum of 1,800 square feet of under-air living space for any new residential construction on this lot. The property's convenient location offers easy access to essential amenities and services. A short drive will take you to Bayside High School, Westside Elementary School, and the vibrant Bayside Lakes commercial area, home to a Publix, Walgreens, Dunkin', various restaurants, and a Health First facility. Within a 10-minute drive, the bustling Malabar Road corridor provides additional shopping, dining, banking options, and convenient access to I-95. The property utilizes a well water and septic system. This is a prime opportunity for developers or investors seeking a sizable lot in a rapidly developing area with excellent access to schools, shopping, and major transportation routes. The asking price for this unique property is $42,000.

    Property Features for 2888 Lakeland Ave

    General Information

    Property type
    Land

    HighLights

    • 10,019 SF commercial/residential lot in Palm Bay, FL (32908).
    • Wooded setting with canal frontage.
    • Zoned for minimum 1,800 SF under‑air residential construction.
    • Near Bayside High, Westside Elementary, and Bayside Lakes commercial area (Publix, Walgreens, etc.).
    • Close proximity to I‑95 via Malabar Road corridor.
    • Well water and septic.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Hair Salon Building Supply Clothing Store Pharmacy Wholesale Shop Hotel & Motel Kitchen & Bath Barber Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.679849
    Latitude
    27.925045

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    FAQs

    What type of property is this?
    Land - Palm Bay, FL: 10,019 sq ft wooded lot.
    Where is this land located?
    The property is located at 2888 Lakeland Ave 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: 10,019 SF commercial/residential lot in Palm Bay, FL (32908).; Wooded setting with canal frontage.; Zoned for minimum 1,800 SF under-air residential construction.
    Request Owner's contact information
    2888 Lakeland Ave Palm Bay, FL 32908
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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
    2888 Lakeland Ave Palm Bay, FL 32908
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