530 Thor Avenue SE Palm Bay, FL $ 500,000
530 Thor Avenue SE
$ 500,000
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530 Thor Avenue SE

Palm Bay, FL, 32909
$ 500,000
Baths0.0

Monthly Estimate*

$ 3,323

530 Thor Avenue SE, Palm Bay, FL 32909 - Image 1
530 Thor Avenue SE, Palm Bay, FL 32909 - Image 2
530 Thor Avenue SE, Palm Bay, FL 32909 - Image 3
530 Thor Avenue SE, Palm Bay, FL 32909 - Image 4
530 Thor Avenue SE, Palm Bay, FL 32909 - Image 5
530 Thor Avenue SE, Palm Bay, FL 32909 - Image 6
530 Thor Avenue SE, Palm Bay, FL 32909 - Image 7
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Studio

Lots and Land for sale in Palm Bay, FL

for $500,000. The lot size is 1.59.

Calling all investors and owner-users! Don't miss out on this incredible chance to own prime commercial land in the thriving market of Palm Bay. With the local population booming, the demand for commercial properties is on the rise. This property offers 1.59 acres of upland space complete with water and sewer services. Boasting 345' of frontage on Martin and 100' on Thor Ave., it provides convenient access from both sides. The potential uses for this property are endless. Investors could capitalize by constructing metal buildings and dividing them into warehouses for lucrative rental income. Owner-users, on the other hand, can utilize a portion of the property while leasing out the rest for additional revenue streams. Comprising two parcels: one approximately 0.52 acres on Thor Ave. and the remainder approximately 1.07 acres—there's flexibility for potential buyers. The seller may also entertain offers for individual parcels, with possible price adjustments. call if you don't need 2 If you happen to be an investor or owner, user, and an investor, no matter what the situation, this is an amazing opportunity to own a commercial land in an exciting market of growing Palm Bay. With the remarkable growth of population locally, the demand for commercial is increasing. This property is 1.59 acre of upland property with water and sewer. With 345' frontage on Martin and 100' on Thor Ave. giving you access on both side. The highest and best use of the property are many to list. An investor could build metal building and divide as warehouses for great rental investment. An owner user also can utilize part of the property and lease the remainder for a great income potential. Easy access from Babcock St. which is being considered for widening with no specific date and also short distance to two I-95 interchange, 166 & 173. Also, US-1 is minutes to the east. The property consist of 2 parcels. One on Thor ave for about 0.52 acre and the remainder for 1.07 +/-. The seller may consider selling them separately and price adjustment.

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Lots and Land Active

Price

$ 500,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 2,638

Style

Unimproved Land

Lot Size

1.59

Town/City

Palm Bay

County/Region

Brevard

MLS | Web ID

1009511

Features
General
Sewer Public Sewer
Utilities Cable Available Electricity Available Sewer Available Water Available
Possession Close Of Escrow
Pool Features None
Property SubType Unimproved Land
Tax Year 2023
Current Use Commercial Investment Unimproved
County Brevard
Property Type Land
HOA / Comm Assn N
Subdivision Name Port Malabar Unit 40
Status Active
Directions From I-95 exit 173 go East on Malabar Rd. Right on Babcock Left on Convair St. Right on Martin the property will be on left before the last curve
High School Palm Bay
City Palm Bay
View Y/N N
Senior Community Y/N N
Zoning Description Commercial
MLS Area 342 - Malabar/Grant-Valkaria
Lot Size Square Feet 69260.0
Waterfront Y/N N
Street Name Thor
Elementary School Port Malabar
Land Lease Y/N N
Tax Annual Amount 2638.98
Home Warranty Y/N N
Middle/Junior High School Stone
Lease Renewal Y/N N
MLS Area Minor 342 - Malabar/Grant-Valkaria
Lease Considered Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/spc/1009511
Standard Status Active
Legal Description PORT MALABAR UNIT 40 LOTS 9 & 11 BLK 1991
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Exterior
Lot Features Irregular Lot Wooded
Water Source Public
Lot Size Area 1.59
Spa N
Lot Dimensions Irregular
Lot Size Acres 1.59
Road Surface Type Asphalt
Lot Size Units Acres
Road Frontage Type City Street
Number of Lots 2
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Street Suffix Avenue
Electric On Property Y/N N
Total Baths 0
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Internal Only
Street Number 1 530
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* Excluded Features
List By
M. David Moallem, Inc

Broker

vahid@palmbayland.com

Email

Affordability Calculator

$3,543
Per Month
94%
6%
0%
Monthly Principal & Interest
$3,323
Monthly Property Taxes
$220
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1362898 Elementary School
1362913 Middle School
Palm Bay High School High School
Pricing History
DatePricePrice ChangeDescription
4/1/2024$500,000 Listed Price

Map


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530 Thor Avenue SE, Palm Bay, FL, 32909 is a Lots and Land for sale at $500,000 with a lot size of 1.59. 530 Thor Avenue SE is a studio with 0.0 baths. The property's zip code is 32909 which is in Palm Bay, FL