310 Mercury Ave, Palm Bay, FL 32909
This exceptional 32909 Palm Bay, Florida property, located at 310 Mercury SE, presents a unique investment opportunity. Priced at $159,900, this special purpose lot is ideally suited for multi-family development. Situated in Brevard County, this location benefits from high demand for apartment housing, making it an attractive prospect for investors seeking strong returns. The property boasts convenient access to city water and electric services, significantly streamlining the construction process and reducing initial development costs. Furthermore, the lot's existing grade eliminates the need for extensive and costly earthworks, such as filling or leveling, further enhancing its financial appeal. This ready-to-develop parcel offers a significant advantage in a thriving market, promising a smooth and efficient transition from acquisition to construction. Don't miss this chance to capitalize on the burgeoning Palm Bay real estate market
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
Similar Nearby for Sale
Similar Nearby for Lease
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.