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    534 Fernwood Ave Palm Bay, FL 32907

    For Sale
    $44,000

    Prime .24-acre lot, ideal for mixed-use development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional .24-acre (10,454 sq ft) commercial and residential lot presents a unique investment opportunity in Palm Bay, Florida. Situated on a desirable corner lot at 534 Fernwood Avenue NW, in Port Malabar Unit 14, this property offers convenient access to key amenities and infrastructure. The location is highly advantageous, being just 2.7 miles (approximately 6 minutes) from McAuliffe Elementary School and 2.6 miles (approximately 7 minutes) from a Winn Dixie Supermarket. Commuting is also simplified with proximity to Melbourne Airport (10.4 miles, approximately 23 minutes) and the beaches of Indialantic (13.4 miles, approximately 30 minutes). Detailed driving directions are available: From I-95 exit 176, travel west on Palm Bay Road for 0.7 miles, turn left onto Minton Road for 0.2 miles, then right onto Emerson Drive for 1.5 miles. Continue left onto Jupiter Boulevard for 1.3 miles, then right onto Serenade Street for 0.3 miles, and finally left onto Fernwood Avenue. The lot is located on the northwest corner with Nordic Street. The asking price for this buildable lot is $44,000. This property is zoned for both commercial and residential use, making it a versatile option for developers and investors alike. Don't miss this chance to acquire a strategically located parcel in a thriving Florida community.

    Property Features for 534 Fernwood Ave

    General Information

    Property type
    Land

    HighLights

    • $44,000 asking price for 10,454 SF commercial/residential land parcel.
    • Located in Palm Bay, FL (32907), at 534 Fernwood Avenue NW.
    • .24‑acre buildable corner lot in Port Malabar Unit 14.
    • Conveniently located near schools, supermarkets, Melbourne Airport, and beaches.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Wholesale 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
    -80.7019498
    Latitude
    28.0109217

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    FAQs

    What type of property is this?
    Land - Prime .24-acre lot, ideal for mixed-use development.
    Where is this land located?
    The property is located at 534 Fernwood Ave Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $44,000.
    What are key features of this property?
    This property features: $44,000 asking price for 10,454 SF commercial/residential land parcel.; Located in Palm Bay, FL (32907), at 534 Fernwood Avenue NW.; .24-acre buildable corner lot in Port Malabar Unit 14.
    Request Owner's contact information
    534 Fernwood Ave Palm Bay, FL 32907
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    Palm Bay, FL 32907
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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
    534 Fernwood Ave Palm Bay, FL 32907
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