799 Empress St Palm Bay, FL 32909
This exceptional 10,019 square foot commercial and residential land parcel presents a unique investment opportunity in the thriving Palm Bay, Florida market. Located at 799 Empress Street SE, 32909, this oversized pie-shaped lot boasts convenient access to Malabar Road, providing effortless access to shopping and major highways. The property's prime location within a rapidly developing area of Palm Bay offers significant potential for various commercial and residential ventures. A key advantage is the availability of water and sewer services, eliminating costly infrastructure development. Furthermore, an environmental report completed in January 2024 confirms the absence of wetlands or protected species on the site, streamlining the development process and minimizing potential environmental concerns. This property is ideal for developers or investors seeking a versatile land parcel with immediate utility connections in a high-growth area. The lot's size and location make it suitable for a range of projects, from small-scale commercial buildings to multi-family residential developments. The asking price is $85,000. This represents a compelling opportunity to acquire a strategically located property in a dynamic market poised for continued expansion. The property is situated in Brevard County, Florida.
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
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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.