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    1697 Drake Ave Palm Bay, FL 32908

    For Sale
    $32,000

    Prime 0.24-acre lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 10,454 square foot commercial lot is situated at 1697 Drake Avenue, Palm Bay, Florida, zip code 32908. Located in Brevard County, this property presents a unique opportunity for commercial development. The land is zoned for commercial use, offering a blank canvas for a variety of ventures. Its convenient location provides easy access to shopping centers, medical facilities, and recreational areas, while maintaining a peaceful setting on a private road. The asking price is $32,000, making it an attractive investment for those seeking a prime location in a thriving community. The property's size and location make it suitable for a range of commercial projects, offering significant potential for return on investment. Motivated sellers are eager to facilitate a swift closing process. This presents a rare chance to acquire a valuable commercial property in a desirable area of Palm Bay. Don't miss this opportunity to secure a piece of this flourishing community and build your commercial vision. The coordinates for this property are latitude 27.956297 and longitude -80.689256.

    Property Features for 1697 Drake Ave

    General Information

    Property type
    Land

    HighLights

    • $32,000 asking price.
    • 10,454 square foot lot.
    • 0.24‑acre commercial land parcel in Palm Bay, FL.
    • Located on Drake Avenue in Palm Bay, Brevard County, FL 32908.
    • Residentially zoned.
    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
    -80.689256
    Latitude
    27.956297

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    FAQs

    What type of property is this?
    Land - Prime 0.24-acre lot, ideal for development.
    Where is this land located?
    The property is located at 1697 Drake Ave Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $32,000.
    What are key features of this property?
    This property features: $32,000 asking price.; 10,454 square foot lot.; 0.24-acre commercial land parcel in Palm Bay, FL.
    Request Owner's contact information
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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
    1697 Drake Ave Palm Bay, FL 32908
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