534 Fernwood Ave Palm Bay, FL 32907
- Land
Current Use by Public Records
- Land
Property Details for 534 Fernwood Ave
- Property type
- Land
Description
This exceptional .24-acre (10,454 sq ft) commercial and residential lot presents a unique investment opportunity in Palm Bay, Florida. Situated on a desirable corner lot at 534 Fernwood Avenue NW, in Port Malabar Unit 14, this property offers convenient access to key amenities and infrastructure. The location is highly advantageous, being just 2.7 miles (approximately 6 minutes) from McAuliffe Elementary School and 2.6 miles (approximately 7 minutes) from a Winn Dixie Supermarket. Commuting is also simplified with proximity to Melbourne Airport (10.4 miles, approximately 23 minutes) and the beaches of Indialantic (13.4 miles, approximately 30 minutes). Detailed driving directions are available: From I-95 exit 176, travel west on Palm Bay Road for 0.7 miles, turn left onto Minton Road for 0.2 miles, then right onto Emerson Drive for 1.5 miles. Continue left onto Jupiter Boulevard for 1.3 miles, then right onto Serenade Street for 0.3 miles, and finally left onto Fernwood Avenue. The lot is located on the northwest corner with Nordic Street. The asking price for this buildable lot is $44,000. This property is zoned for both commercial and residential use, making it a versatile option for developers and investors alike. Don't miss this chance to acquire a strategically located parcel in a thriving Florida community.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Palm Bay
- County
- Brevard
- State
- Florida
- Longitude
- -80.702
- Latitude
- 28.0109
