Palm Bay Multifamily Development
For Sale
Contact for pricing
451 Thor Ave SE, Palm Bay, FL 32909
Land suitable for multifamily or commercial development in Palm Bay.
Property SizeContact for details
Lot Size0.60 Acres
Days on Market1144
Property Features for 451 Thor Ave SE
General Information
Standard status
Active
Lot size
0.60 Acres
Property subtype
Land
Zoning
Multi-Family MF-20
Listing Agency:
PALM BAY LAND
(321) 333-7230
Listed By:
Vahid Rajabian · License #BK3454072
Source:
Crexi
Added: Jun 23, 2023
Changed: Aug 8
Last Checked: Aug 8 at 4:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PALM BAY LAND
Investment Insights
Based on property information with market context.
This property presents a real estate opportunity for a small multifamily project in Palm Bay, Florida. The property is zoned for 20 units per acre, potentially yielding 14 units. It is located near retail and commercial establishments, including Walmart, Publix, Home Depot, and Lowe's, as well as numerous restaurants. The nearby I-95 interchange is less than a couple of miles away. There is also the possibility of rezoning the property for commercial purposes. Several adjacent parcels located at the end of Thor Ave to the south are available, ranging from 0.6 acre to over 2 acres, forming a contiguous area spanning approximately 6 acres. Water and sewer are available at the site. The other corner of the block is also available with the same size, and zoning enables two projects simultaneously.
Key Highlights
- Zoning allows for high‑density multifamily development, potentially 14 units.
- Prime location with convenient access to major retailers and restaurants.
- Proximity to I‑95 interchange facilitates easy commuting and travel.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
454
Businesses Nearby
Explore this area
Business Placement
Demographics for 32909, FL
36,789
Population
14,278
Households
2.6
Avg Household Size
42
Median Age
23%
College-Educated
92%
High-School Grad
57.7 sq mi
ZIP Area
638
Density / Sq Mi
$76,708
Median Household Income
$36,071
Median Earnings
$1,502
Median Rent
$261,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Land suitable for multifamily or commercial development in Palm Bay.
Where is this residential land & home lot located?
The property is located at 451 Thor Ave SE 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: Zoning allows for high‑density multifamily development, potentially 14 units.; Prime location with convenient access to major retailers and restaurants.; Proximity to I‑95 interchange facilitates easy commuting and travel.
