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530 Thor Avenue SE, Palm Bay, FL 32909
$500,000
530 Thor Avenue SE, Palm Bay, FL 32909View this property at 530 Thor Avenue SE, Palm Bay, FL 32909
530 Thor Avenue SEPalm BayFL32909
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Property Description
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.
Full Property Details
Full Property Details for 530 Thor Ave SE
General
- Price: $500,000
- Taxes: $2,638 (2023)
- Status: Active
- Type: Vacant Land
- MLS ID: 1009511
- Updated: 4/13/2024
- Added to Site: 94 day(s) ago
Location
- Area: 342 - Malabar/Grant-Valkaria
- County: Brevard
- Subdivision: Port Malabar Unit 40
- Driving 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
- Total Lots Available: 2
School Information
- Elementary School: Port Malabar
- Middle School: Stone
- High School: Palm Bay
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Available, Sewer Available, Water Available
Structural Information
- Current Bldg. Use: Commercial, Investment, Unimproved
Lot Features
- Lot Size (Acres): 1.59
- Lot Size (Sq. Ft.): 69,260
- Lot Dimensions: Irregular
- Frontage: City Street
- Street/Road Desc.: Asphalt
- Lot Features: Irregular Lot, Wooded
Financial Considerations
- Tax Amount: $2,638.98
- Tax Year: 2023
- Terms: Cash
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Special Conditions: Standard
- Legal Description: PORT MALABAR UNIT 40 LOTS 9 & 11 BLK 1991
- Property ID: 29-37-03-26-1991-9, 11
Listed by M. David Moallem, Inc
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Schools
Schools serving 530 Thor Ave SE
School District:Brevard Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
301 Pioneer Ave Ne, Palm Bay, FL 32907 | PK-6 | 1.2 mi | |
1101 E University Blvd, Melbourne, FL 32901 | 7-8 | 5.3 mi | |
101 Pirate Ln, Melbourne, FL 32901 | 9-12 | 4.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 530 Thor Ave SE
Date
Details
Price
Change
Source
2/12/2024
Listed
$500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 530 Thor Ave SE
530 Thor Avenue SE, Palm Bay, FL 32909 (MLS# 1009511) is a Vacant Land property with a lot size of 1.59 acres. 530 Thor Avenue SE is currently listed for $500,000 and was received on February 12, 2024. Want to learn more about 530 Thor Avenue SE? Do you have questions about finding other Vacant Land real estate for sale in Palm Bay? You can browse all Palm Bay real estate or contact a Coldwell Banker agent to request more information.