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    1357 Union St Palm Bay, FL 32909

    For Sale
    $41,000

    10,019 sq ft lot, prime location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 10,019 square foot lot presents a unique investment opportunity in Palm Bay, Florida. Zoned for both commercial and residential use, this 0.23-acre parcel offers incredible flexibility for developers and investors. Situated in the desirable Port Malabar Unit 15, the property enjoys a convenient location, just a short distance from essential amenities and major transportation routes. A mere three minutes from Columbia Elementary School and seven minutes from a Publix Supermarket, this lot provides easy access to daily necessities. Commuters will appreciate its proximity to Melbourne Airport (22 minutes) and the beautiful beaches of Indialantic (26 minutes). The property's address is 1357 Union Street SE, Palm Bay, FL 32909, within Brevard County. Detailed driving directions are available: From I-95 exit 173, travel west on Malabar Road for 0.2 miles, turn left onto San Filippo Drive for 1.6 miles, and then left again onto Union Street. The lot is located on the left. The asking price for this versatile property is $41,000. This presents a compelling opportunity to capitalize on the growing Palm Bay market. Don't miss this chance to acquire a highly desirable lot with significant potential.

    Property Features for 1357 Union St

    General Information

    Property type
    Land

    HighLights

    • 10,019 SF lot in Palm Bay, FL, zoned commercial and residential.
    • 0.23‑acre parcel in desirable Port Malabar Unit 15.
    • Convenient location near schools, Publix, Melbourne Airport, and beaches.
    • Asking price: $41,000.
    • Address: 1357 Union Street SE, Palm Bay, FL 32909.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Nail Salon Building Supply Auto Repair Shop Gym & Fitness Wholesale Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Bay
    County
    Brevard
    State
    Florida
    Longitude
    -80.63244
    Latitude
    27.975777

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    FAQs

    What type of property is this?
    Land - 10,019 sq ft lot, prime location
    Where is this land located?
    The property is located at 1357 Union St Palm Bay, FL.
    What is the asking price?
    The asking price for this property is $41,000.
    What are key features of this property?
    This property features: 10,019 SF lot in Palm Bay, FL, zoned commercial and residential.; 0.23-acre parcel in desirable Port Malabar Unit 15.; Convenient location near schools, Publix, Melbourne Airport, and beaches.
    Request Owner's contact information
    1357 Union St Palm Bay, FL 32909
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    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
    1357 Union St Palm Bay, FL 32909
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