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401 Thor Ave Palm Bay, FL 32909

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For Sale
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Prime .73-acre multifamily lot

Property Features for 401 Thor Ave

General Information

Property type
Land
Lot Size
31,799 SF

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Listing Contact
Vahid Rajabian
Vahid Rajabian

Listing Agency: M. David Moallem, Inc Listing Agent: Vahid Rajabian

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional 0.73-acre commercial and residential land parcel, located at 401 Thor Avenue SE in Palm Bay, Florida (zip code 32909, APN 29-37-03-26-01988.0-0012.00), presents a compelling investment opportunity. Zoned for multi-family use (MF-20), allowing up to 20 units per acre, this property offers the potential to develop approximately 15 units. The site's strategic location near two I-95 interchanges and shopping centers ensures convenient access to amenities and transportation, contributing to high occupancy rates and strong rental income. Given the current high demand for multifamily housing in this thriving area of Brevard County, this land represents a significant opportunity for investors seeking substantial returns in a stable, growing market. The asking price for this prime investment property is $328,500. This is a rare chance to capitalize on the burgeoning multifamily market in Palm Bay, offering both stability and significant growth potential in today's economic climate. The property's proximity to key transportation routes and amenities will attract tenants, ensuring consistent rental income. Don't miss this chance to secure your financial future.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Pharmacy

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

Location Insight

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  • Local Demand
City
Palm Bay
County
Brevard
State
Florida
Longitude
-80.619118
Latitude
27.9912049

FAQs

What type of property is this?
Land - Prime .73-acre multifamily lot
Where is this land located?
The property is located at 401 Thor Ave 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: 401 Thor Ave SE, Palm Bay, FL: Prime multifamily investment opportunity.; Excellent I-95 access and proximity to shopping.; MF-20 zoning allows up to 20 units per acre.
(321) 333-7230 Call to check price and availability
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