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    108 Lamar St Palm Bay, FL 32908

    For Sale
    $70,000

    Prime 0.26-acre lot, ideal commercial/residential development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 11,326 square foot lot presents a unique opportunity for development in Palm Bay, Florida. Located at 108 Lamar Street SW, in the southwest section of Port Malabar Unit 30, this property offers both commercial and residential potential. Its convenient corner location provides excellent visibility and accessibility. The lot is situated just a short distance from key amenities, including Westside Elementary School (1.6 miles, approximately 4 minutes), a Publix Supermarket (7 miles, approximately 3.5 minutes), Melbourne Airport (15.4 miles, approximately 31 minutes), and the beaches of Indialantic (17.5 miles, approximately 35 minutes). Easy access to I-95 via exit #176 enhances its appeal. Detailed driving directions are available: From I-95 exit #176, travel west on Palm Bay Road for 0.7 miles, turn left onto Minton Road for 3.3 miles, then right onto Jupiter Boulevard. Take a quick left onto DeGroodt Road for 4.2 miles, and finally turn left onto Lamar Street. The property will be on your right at the southwest corner of Lamar Street and Foxglove Avenue. The asking price for this versatile property is $70,000. This presents a compelling investment opportunity given its size, location, and proximity to essential services and transportation routes.

    Property Features for 108 Lamar St

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Wholesale Shop Hair Salon Clothing Store Hotel & Motel Pharmacy Kitchen & Bath Nursing Home 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
    -80.673017
    Latitude
    27.9270618

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    FAQs

    What type of property is this?
    Land - Prime 0.26-acre lot, ideal commercial/residential development.
    Where is this land located?
    The property is located at 108 Lamar St Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $70,000.
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    108 Lamar 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
    108 Lamar St Palm Bay, FL 32908
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