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    1309 Washburn Cor Of Toronto St Palm Bay, FL 32909

    For Sale
    $60,000

    .27-acre corner lot, ideal for commercial or residential development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional .27-acre (11,761 sq ft) commercial and residential lot is situated at 1309 Washburn (Corner of Toronto) Street SE in Palm Bay, Florida, zip code 32909. Priced at $60,000, this property presents a unique opportunity for investors and developers. The lot boasts a prime corner location, offering excellent visibility and accessibility. The area is experiencing significant growth, with new construction projects underway, indicating a thriving and expanding market. Newly paved roads enhance convenience and accessibility. The property's proximity to Babcock Street and St. Johns Heritage Parkway provides easy access to I-95, new housing subdivisions, and a Publix shopping center currently under construction. Utilities consist of well water and septic. This oversized lot offers substantial potential for various commercial or residential ventures, making it an attractive investment in a rapidly developing area of Palm Bay. The location is easily accessible, not far from major roadways, ensuring high visibility and convenient access for potential businesses or residents. Consider the potential for building a commercial structure or developing residential units on this expansive lot.

    Property Features for 1309 Washburn Cor Of Toronto St

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.6247475
    Latitude
    27.9636464

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    FAQs

    What type of property is this?
    Land - .27-acre corner lot, ideal for commercial or residential development.
    Where is this land located?
    The property is located at 1309 Washburn Cor Of Toronto St Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $60,000.
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    1309 Washburn Cor Of Toronto St Palm Bay, FL 32909
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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
    1309 Washburn Cor Of Toronto St Palm Bay, FL 32909
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