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.
Port Malabar Elementary School, Public District Grades KG-6
Other
Directions Information:
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
Price Information
Listing Price Info
Price Summary:
List Price: $500,000
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
Port Malabar Elementary School
301 Pioneer Ave NE
Distance between this listing and this school1.19 miles
Public District Grades KG-6
Middle School
2
/10
Stone Middle School
1101 E University Blvd
Distance between this listing and this school5.27 miles
Public Magnet Grades 7-8
High School
2
/10
Palm Bay High School
101 Pirate Ln
Distance between this listing and this school4.25 miles
Public Magnet Grades PK-12
Assigned Schools
6
/10
Port Malabar Elementary School
301 Pioneer Ave NE
Distance between this listing and this school1.19 miles
Public District Grades KG-6
Nearby Schools
4
/10
Columbia Elementary School
1225 Waco Blvd SE
Distance between this listing and this school1.82 miles
Public District Grades PK-6
4
/10
John F. Turner, Sr. Elementary School
3175 Jupiter Blvd SE
Distance between this listing and this school2.50 miles
Public District Grades PK-6
Assigned Schools
2
/10
Stone Middle School
1101 E University Blvd
Distance between this listing and this school5.27 miles
Public Magnet Grades 7-8
Nearby Schools
6
/10
Royal Palm Charter School
7145 Babcock St Ne
Distance between this listing and this school1.36 miles
Public Charter Grades KG-8
2
/10
Southwest Middle School
451 Eldron Blvd SE
Distance between this listing and this school2.52 miles
Public District Grades 7-8
Assigned Schools
2
/10
Palm Bay High School
101 Pirate Ln
Distance between this listing and this school4.25 miles
Public Magnet Grades PK-12
Nearby Schools
3
/10
Bayside High School
1901 Degroodt Rd SW
Distance between this listing and this school4.27 miles
Public District Grades 9-12
5
/10
Melbourne High School
74 Bulldog Blvd
Distance between this listing and this school7.17 miles
The neighbors living near this home have an average income of $65,625. The majority of Palm Bay, FL residents have income between $35k-100k annually. Residents typically live in married, no kids family. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 530 Thor Ave SE
What is the listing price of this property?
The listing price of 530 Thor Ave SE property is $500,000.
What type of property is this?
The property 530 Thor Ave SE is land located in Palm Bay, Florida, 32909.
Is this property for sale now?
Active Listing: 530 Thor Ave SE is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 530 Thor Ave SE are: Port Malabar Elementary School: GreatSchools Rating 6/10Stone Middle School: GreatSchools Rating 2/10Palm Bay High School: GreatSchools Rating 2/10
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This home is located at 530 Thor Ave SE in Palm Bay, FL and zip code 32909 in the Port Malabar neighborhood. This home sits on a 1.59 acre lot. It has been listed on Rocket Homes since April 01, 2024 and is currently priced at $500,000.
In April 2024 more than 29 listings in Palm Bay, FL were sold above the asking price. During the same period more than 94 listings were sold at asking price, while more than 130 were sold below. The number of homes for sale in Palm Bay, FL increased by 7% between March 2024 and April 2024. The median list price of listings available in April 2024 was $330,000, while the average time on the real estate market was 65 days.
From Rocket Homes Real Estate and based on county public records data.
Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
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