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    1501 Toy St Palm Bay, FL 32909

    For Sale
    $63,750

    Prime 11,326 sq ft corner lot, city water.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional commercial land parcel, located at 1501 Toy Street SE in Palm Bay, Florida, presents a rare investment opportunity. Spanning 11,326 square feet, this oversized corner lot boasts convenient access to city water. Situated in a rapidly growing area of Southeast Palm Bay, the property enjoys proximity to major retail centers and highly-rated schools, including Odyssey Charter elementary, middle, and high schools. The asking price is a firm $63,750, and owner financing is available with a 20% down payment. This is one of approximately 600 lots available. The property is zoned for commercial use, making it ideal for a variety of development projects. Please note that the sale price is firm, and no offers will be considered. An office addendum is required with the contract, and financing terms are detailed in the provided documentation. Don't miss this chance to acquire a prime piece of commercial real estate in a thriving Florida community. The zip code is 32909.

    Property Features for 1501 Toy St

    General Information

    Property type
    Land

    HighLights

    • 11,326 SF corner lot in Palm Bay, FL (32909).
    • $63,750 firm price; owner financing with 20% down.
    • Zoned commercial; ideal for various development projects.
    • Located in a rapidly growing area near major retail and Odyssey Charter schools.
    • Convenient city water access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Building Supply Auto Repair Shop Wholesale Shop Skin Care Clinic Kitchen & Bath 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
    -80.6297938
    Latitude
    27.9547006

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    FAQs

    What type of property is this?
    Land - Prime 11,326 sq ft corner lot, city water.
    Where is this land located?
    The property is located at 1501 Toy St Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $63,750.
    What are key features of this property?
    This property features: 11,326 SF corner lot in Palm Bay, FL (32909).; $63,750 firm price; owner financing with 20% down.; Zoned commercial; ideal for various development projects.
    Request Owner's contact information
    1501 Toy 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
    1501 Toy St Palm Bay, FL 32909
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