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    3261 Prosperity Ln Malabar, FL 32950

    For Sale
    $450,000

    Prime Commercial/Residential Land, 189,050 sq ft.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 4.34-acre parcel, located at 3261 Prosperity Lane in Malabar, Florida (zip code 32950), presents a unique opportunity for both commercial and residential development. The property boasts a generous 189,050 square feet of land, offering ample space for a variety of projects. Currently zoned for both commercial and residential use, this versatile land allows for diverse development options. The site is already cleared and ready for construction, eliminating significant pre-development costs. Existing young coconut trees add to the property's natural beauty. Situated on a corner lot, the property enjoys excellent visibility and accessibility. Its location in Malabar, Brevard County, provides convenient proximity to local amenities while maintaining a tranquil, natural setting. The picturesque landscape offers stunning views, making it an ideal location for a dream home or commercial venture. The agricultural zoning potential offers tax advantages. This property represents a rare chance to acquire a substantial piece of land in a desirable location, providing a blank canvas for your vision. The asking price is $450,000.

    Property Features for 3261 Prosperity Ln

    General Information

    Property type
    Land

    HighLights

    • 4.34‑acre parcel in Malabar, FL (32950) at 3261 Prosperity Lane.
    • 189,050 square feet of cleared land, ready for construction.
    • Commercial and residential zoning allows for diverse development options.
    • Corner lot with excellent visibility and accessibility.
    • Asking price: $450,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Auto Repair Shop Gym & Fitness Department Store Kitchen & Bath Food Market Accounting Firm Garden Center Discount Store Electronics Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Malabar
    County
    Brevard
    State
    Florida
    Longitude
    -80.617348
    Latitude
    27.969885

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    FAQs

    What type of property is this?
    Land - Prime Commercial/Residential Land, 189,050 sq ft.
    Where is this land located?
    The property is located at 3261 Prosperity Ln Malabar, FL.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 4.34-acre parcel in Malabar, FL (32950) at 3261 Prosperity Lane.; 189,050 square feet of cleared land, ready for construction.; Commercial and residential zoning allows for diverse development options.
    Request Owner's contact information
    3261 Prosperity Ln Malabar, FL 32950
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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
    3261 Prosperity Ln Malabar, FL 32950
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