1357 Union St Palm Bay, FL 32909
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.