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Sold for $450,000
  • $450,000

    530 Thor Ave SE, Palm Bay, FL 32909

    --beds
    --baths
    1.59Acres
    Unimproved Land
    Built in ----
    1.59 Acres Lot
    $-- Zestimate®
    $--/sqft
    $1,503 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,503/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Vahid Reza Rajabian 321-333-7230,

    M. David Moallem, Inc

    Bought with:

    Non-Member Non-Member Out Of Area, nonmls

    Non-MLS or Out of Area

    Source: Space Coast AOR,MLS#: 1009511

    Facts & features

    Interior

    Features
    • Has fireplace: No

    Property

    Features
    • Pool features: None
    Lot
    • Size: 1.59 Acres
    • Features: Irregular Lot, Wooded
    Details
    • Parcel number: 2937032619919,11
    • Zoning description: Commercial
    • Special conditions: Standard

    Utilities & green energy

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

    Community & HOA

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

    Financial & listing details

    • Annual tax amount: $2,638
    • Date on market: 4/1/2024
    • Listing terms: Cash
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    6/21/2024Sold$450,000-10%
    Source: Space Coast AOR #1009511 Report a problem
    4/1/2024Listed for sale$500,000
    Source: Space Coast AOR #1009511 Report a problem

    Public tax history

    Tax history is unavailable.

    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.