1531 Newport St Palm Bay, FL 32909
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 1531 Newport St
- Property type
- Commercial real estate
Description
This 10,019 square foot lot, located at 1531 Newport Street SE in Palm Bay, Florida (zip code 32909), presents a unique opportunity for investors and developers. Zoned Rs2, this property offers flexibility for both commercial and residential uses. City water is readily available. Situated in Port Malabar Unit #16, near Bayside Lakes Subdivision, the lot benefits from its location in Flood Zone X, eliminating the need for flood insurance. The property's convenient location provides easy access to numerous amenities, including Publix, Bayside High and Westside Elementary Schools, Melbourne Square Mall, Indialantic ocean resort, and Fifth Avenue. Commuters will appreciate its proximity to I-95 (Exit 173). Detailed directions are available: From I-95 Exit 173, head west on Malabar Road, turn left onto San Filippo Drive SE, proceed south for 2.3 miles, turn left onto Waco Boulevard, right onto Parham Avenue SE, and finally left onto Newport Street SE. The lot is on the left. This versatile property is priced at $60,150 and offers significant potential for future growth.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Palm Bay
- County
- Brevard
- State
- Florida
- Longitude
- -80.629038
- Latitude
- 27.965585
