Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Grogan Ave Palm Bay, FL 32907

    Sponsored
    For Sale
    $1,300,000

    6.99 Acres, I-95 Exposure, Dual Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 6.99-acre property in Palm Bay, Florida (APN: 28-37-20-Mh-0000j.0-0000.00, Zip: 32907) presents a unique investment opportunity. The land is comprised of two parcels with dual zoning: 0.5 acres zoned RES and 6.49 acres zoned IU. The future land use designation is "Utilities," offering diverse development possibilities. Its prime location boasts I-95 exposure, ensuring high visibility and convenient access. Proximity to Lochmar Elementary School and Hammock Landing's shopping center (including Publix, Target, and other major retailers) adds significant value. The property allows for multiple uses, including residential development (up to four homes or multiple half-acre lots with a cul-de-sac), commercial ventures, or even a cell tower or billboard site, offering potential for long-term lease income. Owner financing is available, providing flexibility for potential buyers. This versatile property is situated between Jacksonville and Miami, an hour and a half east of Orlando, in a rapidly growing area. The strategic location, dual zoning, and I-95 exposure make this a rare and highly desirable investment.

    Property Features for 0 Grogan Ave

    General Information

    Property type
    Farms
    Lot Size
    304,484 SF

    HighLights

    • High‑visibility I‑95 frontage provides exceptional access and exposure for commercial development.
    • 6.99‑acre site with dual zoning: 0.5 acres Residential and 6.49 acres Institutional, offering diverse development options.
    • Potential for up to four single‑family homes or multiple half‑acre lots with cul‑de‑sac.
    • Excellent location near Hammock Landing shopping center (including Publix and Target), enhancing commercial viability.
    • Proximity to Lochmar Elementary School adds family‑friendly appeal for residential development.
    • Potential for long‑term lease income through billboard or cell tower placement.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.6550252
    Latitude
    28.0288535

    Nearby Similar for Sale

    • $627,000
      3,472 SF

      Modern Duplex in Palm Bay

      Contemporary duplex with luxury finishes, ideal for investors or families.
      1659 Javier St SE, Palm Bay, FL 32909
      View Details
    • $395,000
      1,870 SF

      Palm Bay Commercial Opportunity

      Well-maintained commercial space suitable for medical or professional office.
      2179 Julian Ave NE, Palm Bay, FL 32905
      View Details
    • $1,249,982
      3,376 SF

      Turn-Key Restaurant with River Views

      Fully equipped restaurant on 1.03 acres with Indian River views.
      4720 Dixie Hwy NE, Palm Bay, FL 32905
      View Details
    • $725,000
      Pending

      Palm Bay Four-Plex Investment

      Four spacious units in a sought-after Palm Bay location.
      410 Thor Ave SE, Palm Bay, FL 32909
      View Details
    • New
      $450,000
      2,412 SF

      Palm Bay Duplex Opportunity

      Income-producing duplex in Palm Bay with tenant in place.
      1667 Desco St, Palm Bay, FL 32909
      View Details
    • New
      $30,000
      500 SF

      Established Floral Business Opportunity

      Turnkey floral business for sale in prime Palm Bay location.
      4690 Lipscomb St NE, Palm Bay, FL 32905
      View Details
    • $627,000
      3,472 SF

      Palm Bay Duplex with Garages

      Modern duplex in Palm Bay ideal for investors or families.
      2542 Hester Ave SE, Palm Bay, FL 32909
      View Details
    • $448,000
      2,196 SF

      Palm Bay Office with Expansion Potential

      Office property in Palm Bay with room for expansion and storage.
      1853 Canova St SE, Palm Bay, FL 32909
      View Details
    • $627,000
      3,472 SF

      New Duplex in Palm Bay

      Move-in ready duplex featuring luxury finishes and spacious layouts.
      1660 Lizette St SE, Palm Bay, FL 32909
      View Details
    • $627,000
      3,472 SF

      New Modern Duplex in Palm Bay

      Under construction duplex with luxury finishes, ideal for investors.
      1659 Javier St SE, Palm Bay, FL 32909
      View Details
    • $315,000
      0.24 Acres

      New Construction Home in Palm Bay

      Modern, practical new construction home with open floor plan.
      1421 Towton St SE, Palm Bay, FL 32909
      View Details
    • Contact for pricing

      Palm Bay Single Family Property

      Single family property for sale in Palm Bay, Florida.
      2995 Ell Pl SW, Palm Bay, FL 32908
      View Details

    FAQs

    What type of property is this?
    Farm - 6.99 Acres, I-95 Exposure, Dual Zoning
    Where is this farm located?
    The property is located at Grogan Ave Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: High-visibility I-95 frontage provides exceptional access and exposure for commercial development.; 6.99-acre site with dual zoning: 0.5 acres Residential and 6.49 acres Institutional, offering diverse development options.; Potential for up to four single-family homes or multiple half-acre lots with cul-de-sac.
    Request Owner's contact information
    Grogan Ave Palm Bay, FL 32907
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Grogan Ave
    Palm Bay, FL 32907
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Grogan Ave Palm Bay, FL 32907
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.