The Car Connection
1450 Palm Bay Road Northeast
Palm Bay, FL 32905
Description
The property, which is now being used as a used car lot, has a newer 2,688 square foot office and warehouse structure that was built in 2019 and is located on 0.84 acres. It has enough land to exhibit between fifty and seventy autos. An on-site billboard that Clear Channel leases provides an extra revenue stream that brings in $2,000 each month.
The property is well-positioned on Palm Bay Road, providing it with significant traffic flow and excellent visibility. There are often between 30,000 and 40,000 vehicles counted each day, which guarantees merchants constant exposure. Situated less than 2 miles from I-95 and roughly 1.5 miles from U.S. Route 1, the site offers excellent accessibility to key transportation hubs. Having this great exposure and being easily accessible are essential for drawing in new clients and customers.
The demographics of the surrounding area are diverse, with the median household income falling between $50,000 and $60,000. A Walmart Supercenter located around one mile east and the Hammock Landing Shopping Center, which is anchored by Target, Lowe's, and Kohl's, less than three miles west, are two of the major nearby stores. These retail hotspots are part of a thriving economic ecosystem that also includes many ancillary enterprises. Large enterprises including Palm Bay Hospital (healthcare), Publix Super Markets, Walmart (retail), L3Harris Technologies (military and aerospace), and Health First (healthcare) all contribute to the area's prosperity by offering citizens a variety of work options and a strong economic foundation.
Beyond its current usage as a used car lot, the land, which is zoned for commercial use, offers versatility for a variety of business types. It has enough of parking, which is a great asset for businesses that deal with customers, and enough room for displaying and storing merchandise. Public transit is also available at the location, with Space Coast Area Transit bus routes making stops close by. The sturdy, contemporary structure can be used for a range of corporate purposes, providing flexibility for upcoming endeavors. Given Palm Bay's consistent economic growth and optimistic outlook for both population and company expansion, this site presents a favorable opportunity for retail, service, or office-oriented enterprises seeking to leverage the area's vibrant commercial environment.
The property is well-positioned on Palm Bay Road, providing it with significant traffic flow and excellent visibility. There are often between 30,000 and 40,000 vehicles counted each day, which guarantees merchants constant exposure. Situated less than 2 miles from I-95 and roughly 1.5 miles from U.S. Route 1, the site offers excellent accessibility to key transportation hubs.
