261 Thor Ave SE, Palm Bay, FL, 32909

Description

This 4,170 square foot commercial property in Palm Bay, FL, built in 2002, sits on a 0.56-acre lot and consists of three distinct units. The property is well-suited for various business operations, offering 14-foot ceilings and 12 parking spaces. The largest unit provides approximately 1,700 square feet of shop and office space, complete with two bathrooms. Additionally, there is an 800-square-foot apartment that can serve as a security dwelling, and a 1,500-square-foot bay shop with an office. Each unit is equipped with its own HVAC system and separate utilities, providing flexibility for tenant use. Located in Brevard County, an area known for its strong economic growth and proximity to major aerospace and technology companies, this property is listed at $799,000.

Situated in central Palm Bay, just south of the Malabar Road and Babcock Street intersection, this property is less than a mile from Interstate 95. It offers convenient access to Eastern Florida State College, Health First Palm Bay Hospital, and a variety of shopping, dining, and educational facilities in the area. This location is ideal for establishing your business.

Economic Highlights: The property is positioned in a dynamic economic region, where Florida’s high-tech economy is the most concentrated in the state, as recognized by the Milken Institute in 2019. The city of Palm Bay is noted as the second highest-performing large city in the U.S. by the same institute. Additionally, Florida ranks fourth in the State Tax Climate Index for 2022, making it an attractive business location. The area also boasts the third-best wage growth in the country, highlighted by the Milken Institute in 2021, and is ranked among the top 10 best cities for STEM jobs by Forbes.com.

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