Palm Bay Multifamily Development
For Sale
Contact for pricing
401 Thor Ave SE, Palm Bay, FL 32909
Prime .75-acre lot zoned for multifamily development up to 15 units.
Property SizeContact for details
Lot Size0.75 Acres
Days on Market1460
Property Features for 401 Thor Ave SE
General Information
Standard status
Active
Lot size
0.75 Acres
Property subtype
Land
Zoning
Multi-Family
Listing Agency:
PALM BAY LAND
(321) 333-7230
Listed By:
Vahid Rajabian · License #BK3454072
Source:
Crexi
Added: Aug 11, 2022
Changed: Aug 8
Last Checked: Aug 8 at 4:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PALM BAY LAND
Investment Insights
Based on property information with market context.
Located at 401 Thor Ave SE in Palm Bay, this 0.75-acre property presents a multifamily development opportunity. Zoned MF-20, the site allows for up to 20 units per acre, potentially accommodating up to 15 units. The location offers convenient access to two I-95 interchanges and nearby shopping hubs, which may ensure high occupancy rates and steady rental income. This property is intended for rental investment.
Key Highlights
- MF‑20 zoning allows for potential development of up to 15 units on the .75‑acre parcel.
- Prime location near two I‑95 interchanges and shopping hubs.
- Situated in a thriving area with high demand for multifamily housing.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
454
Businesses Nearby
Explore this area
Business Placement
Demographics for 32909, FL
36,789
Population
14,278
Households
2.6
Avg Household Size
42
Median Age
23%
College-Educated
92%
High-School Grad
57.7 sq mi
ZIP Area
638
Density / Sq Mi
$76,708
Median Household Income
$36,071
Median Earnings
$1,502
Median Rent
$261,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Prime .75-acre lot zoned for multifamily development up to 15 units.
Where is this residential land & home lot located?
The property is located at 401 Thor Ave SE Palm Bay, FL.
What is the asking price?
The asking price for this property is $328,500.
What are key features of this property?
This property features: MF‑20 zoning allows for potential development of up to 15 units on the .75‑acre parcel.; Prime location near two I‑95 interchanges and shopping hubs.; Situated in a thriving area with high demand for multifamily housing.
