64 San Filippo Dr Palm Bay, FL 32909

Property Details for 64 San Filippo Dr

Lot size

1.85 lot acres

Property size

80,586 SF

Property type

Land

Description

This exceptional 1.85-acre commercial land parcel, located at 64 San Filippo Dr SE in Palm Bay, Florida (32909), presents a unique investment opportunity. Zoned for commercial use, this fee-simple property boasts 80,586 square feet and is priced at $832,500, or $10.33 per square foot. The land value alone is assessed at $400,000 per acre. Its prime location at the gateway to South Palm Bay offers excellent visibility and accessibility, benefiting from a burgeoning residential area and increasing demand for commercial properties. The property's proximity to a nearly completed multifamily development (approximately 240-300 units) makes it ideal for a variety of uses, including hotels, office/retail spaces, restaurants, self-storage facilities, medical offices, or mixed-use developments. The potential for a strip center, car wash, or mini-storage facility is also significant. An adjacent 1.87-acre parcel is also available for purchase, offering the possibility of acquiring a combined 3.72 acres for a larger-scale development. This property is offered with owner financing options, including joint ventures and owner-held notes with a 30% down payment. The APN is 29-37-04-50-0000c.0-0000.00. This is a rare chance to capitalize on the growth of Palm Bay and secure a long-term income-producing investment.