Property profile

1348 Glencove Ave Palm Bay, FL 32907

OFF-MARKET
Land
3 ac lot
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Property summary

AI-generated overview

This exceptional 3-acre commercial land parcel in Palm Bay, Florida, presents a unique investment opportunity. Located at 1348 Glencove Ave NW, 32907, in Brevard County, this property boasts an approved NC (Neighborhood Commercial District) zoning designation, allowing for a diverse range of commercial uses. Pre-approved plans include a 3,000 sq ft gas station, restaurant space, and approximately 20,500 sq ft of combined retail/office space. The site is strategically positioned at a signalized intersection along Emerson Drive, a major collector road, ensuring high visibility and convenient access for potential businesses. Existing utilities are readily available, simplifying the development process. The asking price for this turnkey development opportunity is $3,500,000. The property's APN is 28 3622-KO-I-1. This prime location in a rapidly expanding area of Palm Bay offers significant potential for substantial returns. The property is being offered for sale by owner.

Property profile

Verified
Property type Land
Lot 3 ac (130,680 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1348 Glencove Ave Palm Bay, FL 32907
Palm Bay metro
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Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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