Property summary
This exceptional 2.2-acre commercial property, located at 220 Interstate Ct SE in Palm Bay, Florida (zip code 32909), presents a unique investment opportunity. Zoned for commercial and industrial use, this parcel boasts 6,240 square feet and is priced at $1,100,000, or $176.28 per square foot. Its strategic location at the intersection of Malabar Road and I-95 provides unparalleled visibility and accessibility, ensuring high exposure to a substantial local and regional market. Palm Bay, a thriving community with over 119,000 residents, a median household income of $50,653, and a median age of 42.4 years, offers a strong local economy. The property is situated within the rapidly developing Malabar Park area, a burgeoning industrial corridor poised for significant growth, including the addition of 275,000 square feet of flexible warehouse space. This site represents one of the last remaining parcels in this prime location, making it an exceptional opportunity for businesses seeking to establish or expand their operations in a dynamic and business-friendly environment. The property's convenient access to I-95 ensures seamless transportation and logistics. This is a rare chance to acquire a substantial land parcel in a high-growth area with excellent infrastructure and a strong local economy.
Property profile
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Location
Value estimations
Owner & transaction history
Zoning & alternative use
The purpose of this district is to accommodate light manufacturing, warehousing, distribution, wholesaling and other light industrial uses.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
LI · Palm Bay, FLThe purpose of this district is to accommodate light manufacturing, warehousing, distribution, wholesaling and other light industrial uses.
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The purpose of this district is to accommodate light manufacturing, warehousing, distribution, wholesaling and other light industrial uses.
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LI in Palm Bay, FL.
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