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Property profile

906 Cotorro Rd Palm Bay, FL 32909

OFF-MARKET
Land
Property ID
US18-5414272
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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 Land
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

Location

906 Cotorro Rd Palm Bay, FL 32909
Palm Bay metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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