ActiveUnimproved Land
311 Mercury Avenue SE, Palm Bay, FL 32909
Palm Bay, FL 32909 · MLS #1089930The residence
About this property
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.
At a glance
Property details
- Property type
- Unimproved Land
- Listing type
- For sale
- Status
- Active
- Lot size
- 0 sq. ft.
- Subdivision
- Port Malabar Unit 40
- County
- Brevard
- Original list price
- $440,000
- Listing date
- October 13, 2026
- MLS record updated
- October 13, 2026
- Annual property tax
- $1,544 (2025)
- Listing agent
- Cassandra Hartford
- Listing office
- Reach Commercial Real Estate
- MLS number
- 1089930
Neighborhood & location
Explore Port Malabar Unit 40
Review nearby homes, local services, commute routes, schools, flood information, and community rules as part of your due diligence. Neighborhood information can change and should be verified with the appropriate local authority.
Schools
School information
- Elementary school
- Port Malabar
- Middle school
- Stone
- High school
- Palm Bay
- School district
- Brevard Public Schools
Plan your purchase
Mortgage calculator
- Principal & interest
- $2,225
- Property taxes
- $129
- Homeowners insurance
- $220
- Estimated total
- $2,574
Estimate only. Taxes, insurance, association fees, PMI, interest rate, and lender terms vary. Confirm the actual payment and closing costs with a licensed mortgage professional. Review Florida mortgage and pre-approval guidance.
Continue your search
Similar properties nearby
Listing courtesy of Reach Commercial Real Estate, 321-300-4773.
Data provided by Space Coast MLS. Information is deemed reliable but is not guaranteed accurate by the MLS and should be independently verified. Property availability, price, and details are subject to change without notice.