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    2155 Palm Bay Rd Palm Bay, FL 32905

    For Sale
    $640,000

    Successful Restaurant, High-Demand Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional opportunity presents the chance to acquire a thriving Italian restaurant in Palm Bay, Florida. Located at 2155 Palm Bay Road NE, this established business boasts a stellar reputation built on word-of-mouth and overwhelmingly positive online reviews. The sale includes the business and its contents, with the new owner assuming the lease balance. The current owners are offering training and the existing staff is eager to remain, ensuring a smooth transition. The restaurant occupies a 118,047.6 square foot lot and is housed in a building constructed in 1978. The property is situated in Brevard County, Florida, zip code 32905, and enjoys a prime location in the heart of Palm Bay, making it a highly desirable destination for both locals and tourists. The asking price for this turnkey operation is $640,000. This is a rare chance to acquire a well-established, profitable business with a loyal customer base and excellent potential for continued growth. The landlord is described as having great terms. The sale is for the business and contents only; the real estate is not included.

    Property Features for 2155 Palm Bay Rd

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1978
    Units
    1

    HighLights

    • $640,000 asking price.
    • 1‑unit retail property.
    • 1978 construction.
    • 118,047.6 sq ft lot.
    • Located at 2155 Palm Bay Road NE, Palm Bay, FL 32905.
    Property Profile 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 Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.6080168
    Latitude
    28.0354757

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    FAQs

    What type of property is this?
    Retail property - Successful Restaurant, High-Demand Location
    Where is this retail property located?
    The property is located at 2155 Palm Bay Rd Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $640,000.
    What are key features of this property?
    This property features: $640,000 asking price.; 1-unit retail property.; 1978 construction.
    Request Owner's contact information
    2155 Palm Bay Rd 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
    2155 Palm Bay Rd Palm Bay, FL 32905
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