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Sold for $199,900
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  • $199,900

    520 Thor Ave SE, Palm Bay, FL 32909

    --beds
    --baths
    0.51Acres
    Unimproved Land
    Built in ----
    0.51 Acres Lot
    $-- Zestimate®
    $--/sqft
    $1,526 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,526/mo

    Zestimate® history
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    What's special

    Investors and business owners, take notice of this outstanding 0.52 acre commercial lot in the rapidly growing southeastern section of Palm Bay. With all utilities in place, this versatile property is primed for development into warehousing, flex space, manufacturing, and more. Don't miss this incredible chance to stake your claim in one of Florida's hottest markets. Palm Bay is experiencing explosive population and economic growth, making it an ideal location for your next commercial venture. Excellent access and proximity to major transportation routes solidify this property's premier positioning. Attractive owner financing is available to qualified buyers on this lot, along with several neighboring lots ranging from 0.75 acres up to 2.21 acres if you need more space. But act quickly, as opportunities like this won't last long. Purchase process is streamlined with a full price contract requirement and office addendum provided. Contact me today to secure this gem. Seize This Rare Commercial Opportunity in Booming Palm Bay! Investors and business owners, take notice of this outstanding 0.52 acre commercial lot in the rapidly growing southeastern section of Palm Bay. With all utilities in place, this versatile property is primed for development into warehousing, flex space, manufacturing, and more. Don't miss this incredible chance to stake your claim in one of Florida's hottest markets. Palm Bay is experiencing explosive population and economic growth, making it an ideal location for your next commercial venture. Excellent access and proximity to major transportation routes solidify this property's premier positioning. Attractive owner financing is available to qualified buyers on this lot, along with several neighboring lots ranging from 0.75 acres up to 2.21 acres if you need more space. But act quickly, as opportunities like this won't last long. Purchase process is streamlined with a full price contract requirement and office addendum provided. Contact me today to secure this gem and unleash your commercial dreams in thriving Palm Bay!

    Zillow last checked:

    Listing updated:

    Listed by:

    Vahid Reza Rajabian 321-333-7230,

    M. David Moallem, Inc

    Bought with:

    Vahid Reza Rajabian, 3454072

    M. David Moallem, Inc

    Source: Space Coast AOR,MLS#: 1012640

    Facts & features

    Interior

    Features
    • Has fireplace: No

    Property

    Features
    • Pool features: None
    Lot
    • Size: 0.51 Acres
    • Dimensions: 100 x 220
    • Features: Wooded
    Details
    • Parcel number: 2937032601991.00008.00
    • Zoning description: Commercial
    • Special conditions: Owner Licensed RE,Standard

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available

    Community & HOA

    Community
    • Subdivision: Port Malabar Unit 40
    HOA
    • Has HOA: No
    Location
    • Region: Palm Bay

    Financial & listing details

    • Tax assessed value: $80,000
    • Annual tax amount: $565
    • Date on market: 5/2/2024
    • Listing terms: Cash,Lease Option,Lease Purchase,Owner May Carry,Private Financing Available,Other
    • Road surface type: Asphalt, Paved

    Price history

    DateEventPrice
    1/30/2026Sold$199,900
    Source: Public Record Report a problem
    10/2/2025Price change$199,900-7.5%
    Source: Space Coast AOR #1056258 Report a problem
    9/9/2025Price change$216,000+3.8%
    Source: Space Coast AOR #1056258 Report a problem
    9/4/2025Listed for sale$208,000
    Source: Space Coast AOR #1056258 Report a problem
    6/14/2024Sold$208,000-11.1%
    Source: Space Coast AOR #1012640 Report a problem
    5/2/2024Pending sale$234,000-27.8%
    Source: Space Coast AOR #1012640 Report a problem
    11/24/2021Sold$324,000+3500%
    Source: Public Record Report a problem
    5/7/2003Sold$9,000-59.1%
    Source: Public Record Report a problem
    5/24/1995Sold$22,000
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,498 +168.1%$80,000 +188.1%
    2024$559 -1.3%$27,770
    2023$566 -7.3%$27,770 -30.6%
    2022$610 -69.9%$40,000 -66.9%
    2021$2,028 +21.1%$120,710 +49.6%
    2020$1,675 -23%$80,710
    2019$2,175 $80,710 +9.9%
    2018$2,175 +7.2%$73,420 +51.2%
    2017$2,028 +25.9%$48,570 -29.2%
    2016$1,611 +4.1%$68,570
    2015$1,547 -3%$68,570
    2014$1,595 $68,570 -40.5%
    2013-- $115,270 -4.9%
    2012$2,922 -0.1%$121,270
    2011$2,924 -11.6%$121,270 -21%
    2010$3,306 -52.8%$153,490 -55.8%
    2009$7,000 -11.7%$346,980 -17.8%
    2008$7,928 +9.2%$422,000 +5%
    2007$7,259 +805.5%$402,000 +905%
    2005$802 +191.4%$40,000 +220%
    2004$275 +39.4%$12,500 +47.1%
    2003$197 +21.6%$8,500 +21.4%
    2001$162 -35.1%$7,000 -36.4%
    2000$250 $11,000
    Find assessor info on the county website

    Neighborhood: 32909

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Port Malabar
    • Middle: Stone
    • High: Palm Bay

    Source: Space Coast AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.