420 Mercury Ave Palm Bay, FL 32909
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 420 Mercury Ave
- Property type
- Small apartment buildings
Description
This exceptional 22,651 square foot lot, located at 420 Mercury Avenue SE in Palm Bay, Florida (zip code 32909), presents a remarkable opportunity for multifamily development. Situated in a rapidly expanding area of Brevard County, this property offers significant potential for investors seeking to capitalize on the high demand for apartment housing in this thriving market. The land is classified as Commercial and zoned for Multifamily use, specifically as a Duplex/Triplex/Quadruplex. The asking price for this prime development site is $159,900. Convenient access to city water and electric connections is already in place, streamlining the development process and reducing initial infrastructure costs. This rare offering represents a compelling investment prospect in a location experiencing substantial growth and a strong rental market. The property's size and location make it ideal for a variety of multifamily projects, catering to the increasing need for rental units in the area. Don't miss this chance to acquire a highly desirable development site in a prime location. Act quickly, as opportunities like this are seldom available.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Palm Bay
- County
- Brevard
- State
- Florida
- Longitude
- -80.617833
- Latitude
- 27.990341
