311 Mercury Avenue Se, Palm Bay, FL 32909

Palm Bay
Local realty services provided by:Better Homes and Gardens Real Estate Star
311 Mercury Avenue Se,Palm Bay, FL 32909
$440,000
Virtual Tour
  • 1.65 Acres
  • Lots / Land
  • Active
Listed by: cassandra hartford
Office: reach commercial real estate
MLS#:1089930
Source:FL_SPACE

Price summary

  • Price:$440,000

About this home

The Mercury Ave pair is a 1.65-acre multifamily development site in Palm Bay: two contiguous lots (0.73 and 0.92 acres) zoned RM-20 with High Density Residential future land use. Multifamily is permitted by right at 20 units per acre, a yield of up to 33 units. The site is zoned but not entitled. No site plan, civil engineering, or building plans are in place, and the buyer will need to complete design, site plan approval, and permitting. Agora Village, one block north on the same Port Malabar plat, is site plan approved for 35 units at 19.6 units per acre on a similar footprint. The lots have about 225 feet of combined frontage on Mercury Ave SE and run 320 feet deep. Both are wooded and unimproved. City of Palm Bay water and sewer are available to both lots. Flood Zone X.

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Home facts

  • Subdivision & Development:Port Malabar Unit 40
  • Listing ID #:1089930
  • Added:23 day(s) ago

Rooms and interior

  • Kitchen Description:appl_

Structure and exterior

  • Lot area:1.65 Acres

Schools

  • High school:Palm Bay
  • Middle school:Stone
  • Elementary school:Port Malabar

Finances and disclosures

  • Price:$440,000
  • Tax amount:$1,544 (2025)

Features and amenities

  • Laundry features:appl_
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.

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