2000-2040 Palm Bay Rd Palm Bay, FL 32905
This exceptional investment opportunity presents a 17,760 square foot, multi-tenant commercial property situated in the thriving Palm Bay submarket of Brevard County, Florida. The property, known as Arlington Shopping Plaza, comprises three single-story buildings totaling 17,760 square feet on a 1.86-acre lot. Currently, 740 square feet of retail/office space is available for lease within this 24-unit shopping center. The buildings boast new metal roofs installed in 2022 and underwent a complete renovation in 2021 or earlier. Conveniently located on Palm Bay Road, the plaza offers easy access to US Highway One and Interstate-95, enhancing its visibility and accessibility. Two entrances on Palm Bay Road provide ample access for customers and tenants. Ample parking is available, with spaces located in front of each storefront and additional parking centrally located within the three buildings. The property is zoned Community Commercial and features the APN 28-37-22-00-00750.J-0000.00. Built in 1978, this property offers a blend of established presence and modern updates, making it an attractive option for businesses seeking a well-maintained and strategically located space in Palm Bay, Florida. The address is 2000-2040 Palm Bay Rd NE, Palm Bay, FL 32905.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.