555 Fernwood Ave, Palm Bay, FL 32907
Exceptional opportunity to acquire a 10,019 square foot lot in Palm Bay, Florida. This versatile property is zoned Rs2, suitable for both commercial and residential development. Located in the highly desirable northwest section of Palm Bay, this 0.23-acre parcel offers convenient access to essential amenities. It's a short 7-minute drive to Winn Dixie supermarket and McAuliffe Elementary School. Commuting is also easy, with Melbourne Airport just a 21-minute drive (10.2 miles) and the beaches of Indialantic a 29-minute drive (13.3 miles) away. The property includes a drainage right-of-way easement canal at the rear. Detailed directions are available: From I-95 exit 176, travel west on Palm Bay Road for 0.7 miles, turn left onto Minton Road for 0.2 miles, then right onto Emerson Drive for 1.5 miles. Continue left onto Jupiter Boulevard for 1.3 miles, then right onto Serenade Street for 0.3 miles, and finally left onto Fernwood Avenue. The lot is on the left. The asking price for this attractive property is $45,000.
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.