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Property view

530 Thor Avenue Se, 
Palm Bay, FL 32909

$450,000


Bed


Bath


-

Sq Ft


1.59

Acres (Lot)


Land

Sold

Listed by

Vahid Reza Rajabian

Bought with Non-MLS or Out of Area

M. David Moallem, Inc

MLS#

1009511

Source:

FL SPACE

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About This Land

530 Thor Avenue Se

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.

Land Facts

Description/Design:

Land

Lot Size (Acres)

1.59

MLS #:

1009511

Sold:

June 21, 2024


Finances & Disclosures

Finances

Price:

$500,000

Source:FL SPACE
Information deemed reliable but not guaranteed. Information is provided, in part, by Brevard MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.