3260 Dixie NE Hwy Palm Bay, FL 32905-2529
- Shopping centers
- 4,426 SF
- 0.43 lot acres
Current Use by Public Records
- Shopping centers
Property Details for 3260 Dixie NE Hwy
- Year built
- 1954
- Lot size
- 0.43 lot acres
- Property size
- 4,426 SF
- Zone code
- HC
- Property type
- Shopping centers
- Property subtype
- Specialty properties
- APN
- 28-37-11-76-0000C.0-0001.00
- APU
- 283711760000C0000100
Description
This exceptional 0.43-acre commercial land parcel, located at 3260 Dixie Highway NE in Palm Bay, Florida (zip code 32905), presents a remarkable investment opportunity. Situated directly on US-1, this property boasts exceptional visibility and accessibility, with daily traffic counts exceeding 31,360 vehicles. The lot measures approximately 155 feet by 120 feet, providing ample space for development. The zoning is designated as Highway Commercial (HC), offering a wide range of potential uses. All utilities are readily available. For added convenience, the lot will be cleared and leveled prior to sale, minimizing upfront development costs. Its prime location offers easy access to downtown Melbourne. The asking price for this ready-to-develop property is $259,000. A lease option is also available at a monthly rate of $2,000 plus taxes
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $150,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $110,000
- 6.5%
- $105,000
- 7%
- $110,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $105,000
- Geo Method
- $90,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $115,000
- Retail
- $105,000
- Mixed-Use
- $120,000
- Hospitality
- $110,000
- Educational
- $105,000
- Residential Income
- $105,000
- Energy
- $105,000
- Income-Based Land
- $105,000
- Food Service
- $110,000
Location Insight
- Map
- Local Demand
- City
- Palm Bay
- County
- Brevard
- State
- Florida
- Longitude
- -80.5928
- Latitude
- 28.0592
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
