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Property profile & analytics
OFF-MARKET
Commercial real estate

906 Cotorro Rd Palm Bay, FL 32909

Property ID
US18-5414272
Property summary
AI-generated overview

This exceptional 10,019 square foot vacant lot presents a unique investment opportunity in Palm Bay, Florida. Located at 906 Cotorro Road SE, zip code 32909, this property is zoned for both commercial and residential use, offering considerable flexibility for developers. The lot is situated in a well-maintained area with convenient access to paved roads and city water. Its prime location offers proximity to a range of amenities, including Columbia Elementary School, Southwest Middle School, Bayside High School, and Eastern Florida State College, ensuring a strong potential for residential development. Furthermore, the close proximity to shopping centers, recreational parks, and restaurants enhances its appeal for commercial ventures. The asking price for this versatile property is $65,000. This represents a compelling opportunity to capitalize on the growing demand for both residential and commercial spaces in this desirable Palm Bay location. The property's size and zoning make it suitable for a variety of development projects, from single-family homes to small commercial buildings. Interested parties are encouraged to conduct their own due diligence and explore the possibilities this land offers. The lot is conveniently located in Unit 11.

Property profile
Verified
Property type Commercial real estate
UPID US18-5414272
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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