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    2502 Victoria Dr Palm Bay, FL 32905

    For Sale
    $74,000

    10,019 SF Lot, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 10,019 square foot lot presents a unique investment opportunity in Palm Bay, Florida. Located at 2502 Victoria Drive NE, zip code 32905, this property offers a blend of commercial and residential zoning potential. Its prime corner location provides excellent visibility and accessibility. The lot boasts mature oak trees and is situated directly across from a well-maintained community park, enhancing its desirability. Neighboring properties are fenced, adding to the privacy and established feel of the area. City water and sewer services are readily available, simplifying development plans. The property's proximity to the Indian River Lagoon, Downtown Melbourne, and US1 provides convenient access to recreational activities, urban amenities, and major transportation routes. With limited comparable lots remaining in the area, this presents a rare chance to acquire a substantial parcel of land with significant potential for building a dream home, developing an investment property, or simply benefiting from future appreciation. This versatile property is priced at $74,000 and is ready for its next chapter. Don't miss this chance to secure a piece of Palm Bay's desirable real estate market. The property is located in Brevard County.

    Property Features for 2502 Victoria Dr

    General Information

    Property type
    Land

    HighLights

    • 10,019 SF lot in Palm Bay, FL (32905) at 2502 Victoria Drive NE.
    • Commercial/residential zoning potential, excellent visibility due to corner location.
    • Mature landscaping, across from a community park, and neighboring fenced properties.
    • City water and sewer available; near Indian River Lagoon, Downtown Melbourne, and US1.
    • Priced at $74,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.59589
    Latitude
    28.060345

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    FAQs

    What type of property is this?
    Land - 10,019 SF Lot, Prime Location
    Where is this land located?
    The property is located at 2502 Victoria Dr Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $74,000.
    What are key features of this property?
    This property features: 10,019 SF lot in Palm Bay, FL (32905) at 2502 Victoria Drive NE.; Commercial/residential zoning potential, excellent visibility due to corner location.; Mature landscaping, across from a community park, and neighboring fenced properties.
    Request Owner's contact information
    2502 Victoria Dr Palm Bay, FL 32905
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    Palm Bay, FL 32905
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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
    2502 Victoria Dr Palm Bay, FL 32905
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