Canova

1880 Canova Street Southeast Palm Bay, FL 32909

Palm Bay
FOR SALE
Property Type:
Industrial
Amount:
$499,000
Last Verified:
May 21, 2024

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Description

The building offers 2,400 square feet of space on a 0.34-acre lot. The interior includes a reception/lobby area, three offices, a break room, and two restrooms, one of which has a shower. The space is equipped with 100% HVAC and a drop ceiling throughout the interior. Numerous perimeter windows provide ample natural light. The property includes approximately 20 parking spaces.

Key Economic Highlights

Florida's high-tech economy is the most highly concentrated in the state, according to the Milken Institute in 2019. The city is recognized as the second highest performing large city in the U.S. by the same institute. Florida ranks fourth in the State Tax Climate Index for 2022, as reported by The Tax Foundation. The area boasts the third best wage growth in the U.S., also noted by the Milken Institute in 2021. Forbes.com ranks it among the top 10 best cities for STEM jobs. Additionally, it holds the number two spot in the Milken Institute’s Best Performing Cities 2021 for job creation and sustainability.

Demographics

The average household income within a 5-mile radius is $90,234, with a population of 110,900 people in the same area.

Corporate and Industrial Presence

Brevard County thrives with several aerospace-support industry giants, including NASA's Kennedy Space Center, Blue Origin, OneWeb Satellites, and Firefly. It remains a corporate hub for professional leaders such as Lockheed Martin, Harris/L3 Company, Northrop Grumman, and Embraer.

The building offers 2,400 square feet of space on a 0.34-acre lot. The interior includes a reception/lobby area, three offices, a break room, two restrooms, PLUS warehouse/flex space. The property includes approximately 20 parking spaces.



Key Economic Highlights

Florida's high-tech economy is the most highly concentrated in the state, according to the Milken Institute in 2019. The city is recognized as the second highest performing large city in the U.S. by the same institute. Florida ranks fourth in the State Tax Climate Index for 2022, as reported by The Tax Foundation. The area boasts the third best wage growth in the U.S., also noted by the Milken Institute in 2021. Forbes.com ranks it among the top 10 best cities for STEM jobs. Additionally, it holds the number two spot in the Milken Institute’s Best Performing Cities 2021 for job creation and sustainability.

Demographics

The average household income within a 5-mile radius is $90,234, with a population of 110,900 people in the same area.

Corporate and Industrial Presence

Brevard County thrives with several aerospace-support industry giants, including NASA's Kennedy Space Center, Blue Origin, OneWeb Satellites, and Firefly. It remains a corporate hub for professional leaders such as Lockheed Martin, Harris/L3 Company, Northrop Grumman, and Embraer.


Year Built: 1982
Building Size: 2400sq ft
Lot Size: 0.34 acres

Map of 1880 Canova Street Southeast, Palm Bay, FL, 32909

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.