451 Thor AvePalm Bay, FL 32909

Property Details for 451 Thor Ave

Lot size

0.73 AC

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 0.73-acre parcel in Palm Bay, Florida, presents a unique opportunity for multifamily development. Zoned MF-20, it allows for up to 14 units, capitalizing on the high demand for affordable housing in this thriving area. The property boasts convenient access to major retail establishments including Walmart, Publix, Home Depot, and Lowe's, along with numerous restaurants, ensuring a desirable lifestyle for future residents. Its proximity to I-95 (less than two miles) provides effortless commuting and travel advantages. Water and sewer are available on-site. This site offers a rare opportunity for small developers to enter the multifamily market, leveraging the strong growth in Palm Bay. The potential for rezoning for commercial use also exists, with adjacent parcels available for expansion. The property is offered fee simple, with an asking price of $328,500, and the APN is 29-37-03-26-1988-7. Located at 451 Thor Ave SE, Palm Bay, FL 32909, this property is minutes from miles of river and ocean access. This is a prime investment opportunity in a rapidly growing market.

Location Insight

City

Palm Bay

County

Brevard

State

Florida

Latitude

27.9896

Longitude

-80.6187

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