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    642 Sunshine St Palm Bay, FL 32908

    For Sale
    $35,000

    10,019 sq ft lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional .23-acre lot, encompassing 10,019 square feet, presents a unique opportunity in the thriving Palm Bay, Florida market. Located at 642 SW Sunshine Street SW, 32908, this property offers the versatility of both commercial and residential zoning, making it ideal for a variety of development projects. Its convenient location near shopping centers, City Hall, and major roadways ensures easy access to essential amenities and transportation routes. The peaceful setting provides a welcome respite from the everyday hustle and bustle, yet remains within close proximity to the excitement of the Intracoastal Waterway, Sebastian Inlet, nearby beaches, and Highway 95. The area is experiencing significant growth, with new residential construction underway in the immediate vicinity, indicating a strong and upward trending real estate market. This is a rare chance to acquire a sizable parcel of land in a desirable location before it's developed, making it an attractive investment for both builders and discerning buyers seeking a prime location to build their dream home or commercial venture. The property's asking price is $35,000. Don't miss this opportunity to secure a piece of Palm Bay's burgeoning future.

    Property Features for 642 Sunshine St

    General Information

    Property type
    Land

    HighLights

    • $35,000 asking price.
    • 10,019 square foot lot.
    • Located at 642 SW Sunshine Street SW, Palm Bay, FL 32908.
    • Commercial and residential zoning.
    • Convenient location near shopping, City Hall, and major roads.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Building Supply Hair Salon Clothing Store Hotel & Motel Pharmacy Kitchen & Bath Garden Center Barber Shop Assisted Living Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.690139
    Latitude
    27.923078

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    FAQs

    What type of property is this?
    Land - 10,019 sq ft lot, prime location.
    Where is this land located?
    The property is located at 642 Sunshine St Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: $35,000 asking price.; 10,019 square foot lot.; Located at 642 SW Sunshine Street SW, Palm Bay, FL 32908.
    Request Owner's contact information
    642 Sunshine St 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
    642 Sunshine St Palm Bay, FL 32908
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