$345,000
Palm Bay, FL 32909
MLS# 1067825
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Property Description
Opportunity! Rare multifamily development parcel in one of the most desirable areas of Palm Bay. This 0.91-acre dry lot is zoned multifamily and allows for the construction of up to 18 apartment units, duplexes, or triplexes. The property features full city infrastructure, including city water, city sewer, electricity, and paved road frontage, making it ready for development. Conveniently located near major amenities and employment centers, the property is just minutes from Walmart, Eastern Florida State College, and Health First Hospital. Easy access to main roads, shopping, schools, and essential services supports strong long-term rental demand. Multifamily parcels of this size, zoning, and infrastructure are increasingly rare in Palm Bay. A prime opportunity for investors or developers seeking high growth potential in a strong, in-demand market.
Details
Maps
Contract Information
Start Showing Date: 2026-02-03
Comp Sale YN: No
Current Price: $345,000
Original List Price: 349000
List Price: $345,000
Status: Active
Listing Contract Date: 2026-01-28
Property Sub Type: Unimproved Land
Location, Tax, and Legal
Tax Account: 2922924
Parcel Number: 29-37-03-26-1981-1
General County Location: South
Elementary School: Port Malabar
Middle School: Stone
High School: Palm Bay
Tax Annual Amount: 1788
Tax Year: 1788
Tax Legal Description: PORT MALABAR UNIT 40 LOT 1 BLK 1981
Zoning Description: Multi Family
Directions: Palm Bay Rd, South On Babcock, Past Malabar, Left On Agora Circle.
Corner lot located at the intersection of Agora Circle SE and Enterprise Avenue SE in Palm Bay.The property sits two blocks from Malabar Rd. The lot does not yet have an assigned address, but it can be easily identified by its neighboring property at 2080 Agora Circle SE, Palm Bay, FL.
General Property Information
Lot Size Acres: 0.91
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Land Lease YN: No
Senior Community YN: No
CDD Fee YN: No
List Price/Acre: 379120.88
Currently Not Used
Pool Private YN: No
Remarks and Miscellaneous
Public Remarks: Opportunity! Rare multifamily development parcel in one of the most desirable areas of Palm Bay. This 0.91-acre dry lot is zoned multifamily and allows for the construction of up to 18 apartment units, duplexes, or triplexes. The property features full city infrastructure, including city water, city sewer, electricity, and paved road frontage, making it ready for development.
Conveniently located near major amenities and employment centers, the property is just minutes from Walmart, Eastern Florida State College, and Health First Hospital. Easy access to main roads, shopping, schools, and essential services supports strong long-term rental demand.
Multifamily parcels of this size, zoning, and infrastructure are increasingly rare in Palm Bay. A prime opportunity for investors or developers seeking high growth potential in a strong, in-demand market.
Closing Company Details
Closing Company Name: Supreme Title Company
Closing Company Address: 125 W New Haven Ave, Melbourne, FL 32901
Current Use
Investment: 1
Multi-Family: 1
Residential: 1
Single Family: 1
Legal Details
Plat Book #: 21
Plat Book Page: 29
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Split Possible: 1
Possession
Close Of Escrow: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Utilities
Electricity Available: 1
Sewer Available: 1
Water Available: 1
Water Source
Public: 1
Showing Requirements
Showing Service: 1
Location Tax and Legal
Street Number: 2090
Street Direction Prefix: SE
Street Name: Agora Cir Se
Street Suffix: Circle
Street Direction Suffix: SE
County: Brevard
State: FL
Postal Code: 32909
MLS Area Major: 343 - SE Palm Bay
Subdivision Name: Port Malabar Unit 40
Status Change Information
Major Change Timestamp: 2026-02-03T17:23:08Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-02-03T17:23:08Z
Status Change Timestamp: 2026-01-28
Property Features
Current Use: Investment; Multi-Family; Residential; Single Family
Listing Terms: Cash; Conventional
Lot Features: Split Possible
Possession: Close Of Escrow
Road Frontage Type: City Street
Road Surface Type: Asphalt
Sewer: Public Sewer
Showing Requirements: Showing Service
Special Listing Conditions: Standard
Utilities: Electricity Available; Sewer Available; Water Available
Water Source: Public
Listing Office: First Peak Real Estate
Last Updated: February - 03 - 2026
Information is deemed to be reliable, but is not guaranteed.