1945 Palm Bay NE Rd Palm Bay, FL 32905-2926

This exceptional value-add investment opportunity presents two vacant commercial buildings totaling 21,720 square feet situated on a 2.69-acre lot in Palm Bay, Florida. Built in 1984 and 1985, the property boasts a prime location with 150 feet of frontage on Palm Bay Road and 500 feet of depth, offering excellent visibility and accessibility. The property features 75 striped parking spaces with potential for expansion, a two-sided lighted sign, and convenient access via Palm Bay Road and Pinewood Drive. City of Palm Bay utilities are in place. The property is zoned CC and is ideally positioned amidst a thriving mix of office, retail, restaurant, and residential uses, just minutes from major employers like L3Harris Corp., DRS, and Intersil. A 7-Eleven convenience store is located at the southwest corner, further enhancing the property's strategic location. The half-acre on-site retention area adds to the property's functionality. This property presents a unique chance to acquire a substantial commercial asset with significant upside potential. The asking price is $2,400,000, translating to $110.50 per square foot. The property's APN is 28-37-22-00-274.