3260 Dixie NE Hwy Palm Bay, FL 32905-2529
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
HC · Palm Bay, FLPalm Bay. Always verify with local authorities before improvements.
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.