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    1633 Drake Ave Palm Bay, FL 32908

    For Sale
    $30,000

    10,019 sq ft lot, ideal for mixed-use development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This 10,019 square foot lot, located at 1633 Drake Avenue SW in Palm Bay, Florida, presents a unique opportunity for commercial and/or residential development. Priced at $30,000, this property offers significant potential. Situated in a peaceful, up-and-coming neighborhood, it enjoys a convenient location with easy access to essential amenities. Nearby Bayside Lakes provides a wealth of shopping, dining, and grocery options. The property boasts a well/septic system, offering a desirable country setting while remaining close to urban conveniences. Commuters will appreciate the short drive to Melbourne International Airport and the proximity to the beaches of Indialantic (approximately 30 minutes away). The lot is clearly marked with signage, allowing for easy identification. Buyers are encouraged to drive by and envision the possibilities of building their dream project on this versatile parcel of land in the 32908 zip code. There is no HOA.

    Property Features for 1633 Drake Ave

    General Information

    Property type
    Land

    HighLights

    • 10,019 SF lot in Palm Bay, FL, priced at $30,000.
    • Located at 1633 Drake Avenue SW, in a peaceful, up‑and‑coming neighborhood.
    • Convenient access to shopping, dining, and groceries at nearby Bayside Lakes.
    • Features a well/septic system; no HOA.
    • Close to Melbourne International Airport and Indialantic beaches (approx. 30 min).
    • Clearly marked for easy identification.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Auto Repair Shop Clothing Store Hotel & Motel Kitchen & Bath Travel Agency Bed & Breakfast Plumbing Service Carpet & Flooring Store Shoe Repair

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.689251
    Latitude
    27.957179

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    FAQs

    What type of property is this?
    Land - 10,019 sq ft lot, ideal for mixed-use development.
    Where is this land located?
    The property is located at 1633 Drake Ave Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: 10,019 SF lot in Palm Bay, FL, priced at $30,000.; Located at 1633 Drake Avenue SW, in a peaceful, up-and-coming neighborhood.; Convenient access to shopping, dining, and groceries at nearby Bayside Lakes.
    Request Owner's contact information
    1633 Drake Ave Palm Bay, FL 32908
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    Palm Bay, FL 32908
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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
    1633 Drake Ave Palm Bay, FL 32908
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