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    1039 Hooper Ave Palm Bay, FL 32905

    Sponsored
    For Sale
    $79,500

    Prime 10,019 SF Commercial Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10,019 square foot commercial lot in Palm Bay, Florida, presents a unique investment opportunity. Located at 1039 Hooper Avenue NE, zip code 32905, this cleared and surveyed property boasts convenient access to city water and sewer, along with underground utilities and sidewalks. Its strategic location offers a blend of urban convenience and desirable lifestyle features. Nearby amenities include schools, shopping centers, and proximity to both the river and the ocean, as well as the city of Melbourne. The property is being offered at a full price of $79,500. An addendum detailing financing terms is included in the provided documentation and must accompany any contract. Owner financing is available, simplifying the acquisition process. A pre-existing home plan is on file, potentially streamlining the construction process for future development. Furthermore, a unique guarantee is offered: in the unlikely event of unforeseen issues, a replacement lot from the seller's inventory will be provided. This property is ready for immediate development and offers a compelling investment opportunity in a thriving Florida location.

    Property Features for 1039 Hooper Ave

    General Information

    Property type
    Land

    HighLights

    • 10,019 SF commercial lot in Palm Bay, FL (32905) at 1039 Hooper Ave NE.
    • Cleared and surveyed, with city water/sewer, underground utilities, and sidewalks.
    • $79,500 asking price; owner financing available.
    • Pre‑existing home plan on file; seller guarantees replacement lot if unforeseen issues arise.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.626315
    Latitude
    28.02401

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    FAQs

    What type of property is this?
    Land - Prime 10,019 SF Commercial Lot
    Where is this land located?
    The property is located at 1039 Hooper Ave Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $79,500.
    What are key features of this property?
    This property features: 10,019 SF commercial lot in Palm Bay, FL (32905) at 1039 Hooper Ave NE.; Cleared and surveyed, with city water/sewer, underground utilities, and sidewalks.; $79,500 asking price; owner financing available.
    Request Owner's contact information
    1039 Hooper Ave Palm Bay, FL 32905
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    Palm Bay, FL 32905
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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
    1039 Hooper Ave Palm Bay, FL 32905
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