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    1516 Erie Ct Palm Bay, FL 32909

    For Sale
    $64,900

    13,068 SF Commercial Lot, $64,900

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 13,068 square foot commercial lot presents a remarkable investment opportunity in Palm Bay, Florida. Located at 1516 SE Erie Court SE, zip code 32909, this oversized parcel is situated in a desirable area characterized by single-family homes, offering a unique blend of residential proximity and commercial potential. The property boasts convenient access to shopping and schools, enhancing its appeal and practicality. City water and septic are already in place, simplifying development plans and reducing upfront infrastructure costs. Importantly, there are no homeowner's association (HOA) fees associated with this property, providing greater flexibility and control for the future owner. The lot's size allows for considerable development options, making it suitable for a variety of commercial ventures. This prime location in Brevard County, Florida, offers a compelling combination of convenience, accessibility, and development potential, making it an attractive proposition for discerning investors seeking a foothold in a thriving market. The asking price is $64,900. This is a rare opportunity to acquire a sizable commercial lot in a well-established neighborhood without the burden of HOA restrictions.

    Property Features for 1516 Erie Ct

    General Information

    Property type
    Land
    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
    -80.670023
    Latitude
    27.9606583

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    FAQs

    What type of property is this?
    Land - 13,068 SF Commercial Lot, $64,900
    Where is this land located?
    The property is located at 1516 Erie Ct Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $64,900.
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    1516 Erie Ct 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
    1516 Erie Ct Palm Bay, FL 32909
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