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    999 Colonial Ave Palm Bay, FL 32909

    For Sale
    $57,000

    Prime 10,454 SF lot, ideal for mixed-use.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 10,454 square foot commercial and residential land parcel is situated at 999 Colonial Avenue SE in Palm Bay, Florida, zip code 32909. Located in a thriving area experiencing significant new construction, this oversized corner lot offers unparalleled potential for developers and investors. Its prime location provides easy access to a variety of amenities, including schools, shopping centers, restaurants, and the recreational facilities of Liberty Park. The property's city water access is a significant advantage. The asking price for this rare opportunity is $57,000. Given the limited availability of similar lots in this neighborhood, this presents a unique chance to acquire a substantial piece of land in a rapidly developing area of Palm Bay. The property's versatility allows for a range of development possibilities, catering to both commercial and residential needs. Its strategic location and size make it an attractive investment for those seeking to capitalize on the growth and potential of this vibrant Florida community. Interested parties are encouraged to conduct their own due diligence and explore the various development options available. The property is conveniently located near major roadways, ensuring easy access for residents and businesses alike. This is a truly remarkable opportunity to secure a valuable asset in a high-demand location.

    Property Features for 999 Colonial Ave

    General Information

    Property type
    Land

    HighLights

    • $57,000 asking price for 10,454 square feet of land.
    • Located at 999 Colonial Avenue SE, Palm Bay, FL 32909.
    • Commercial and residential zoning.
    • Oversized corner lot in a developed area with new construction nearby.
    • Convenient location near schools, shopping, restaurants, and Liberty Park.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Wholesale Shop Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.653147
    Latitude
    27.973065

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    FAQs

    What type of property is this?
    Land - Prime 10,454 SF lot, ideal for mixed-use.
    Where is this land located?
    The property is located at 999 Colonial Ave Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $57,000.
    What are key features of this property?
    This property features: $57,000 asking price for 10,454 square feet of land.; Located at 999 Colonial Avenue SE, Palm Bay, FL 32909.; Commercial and residential zoning.
    Request Owner's contact information
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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
    999 Colonial Ave Palm Bay, FL 32909
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