The Car Connection

The property is situated on a major thoroughfare with traffic counts reaching up to 30,000 vehicles per day in some sections, and is just 5-10 minutes from Interstate 95 (I-95), providing easy access to nearby cities such as Melbourne and Vero Beach.TBDThe commercial property at 1450 Palm Bay Rd NE in Palm Bay, Florida, presents a strategic opportunity for businesses. Currently utilized as a used car sale lot, the site features a modern 2,683 sq ft building constructed in 2019, comprising office and warehouse space, situated on 0.84 acres. The land area is suitable for displaying 50-70 vehicles. An additional income source is provided by an on-site billboard leased to Clear Channel, generating $2,000 monthly. Strategically positioned on Palm Bay Rd, the property benefits from high visibility and substantial traffic flow. Daily vehicle counts average between 30,000 to 40,000, ensuring consistent exposure for businesses. The location is highly accessible, situated less than 2 miles from I-95 and approximately 1.5 miles from U.S. Route 1, connecting it to major transportation arteries. This excellent exposure and easy accessibility are crucial for attracting potential customers and clients. The surrounding area boasts a diverse demographic with a median household income ranging from $50,000 to $60,000. Major retailers in close proximity include a Walmart Supercenter about a mile east and the Hammock Landing Shopping Center less than 3 miles west, anchored by Target, Lowe's, and Kohl's. These retail hubs, along with numerous complementary businesses, contribute to a vibrant commercial ecosystem. The area also benefits from major employers such as L3Harris Technologies (defense and aerospace), Health First (healthcare), Publix Super Markets, Walmart (retail), and Palm Bay Hospital (healthcare), providing a solid economic base and numerous job opportunities for residents. Zoned for commercial use, the property offers versatility for various business types beyond its current use as a used car lot. It features ample parking, a crucial asset for customer-facing enterprises, and provides sufficient space for inventory storage and display. The site is also served by public transportation, with nearby stops on the Space Coast Area Transit bus routes. The modern, durable building is suitable for a variety of commercial uses, offering flexibility for future business ventures. With Palm Bay's steady economic growth and positive projections for population and business expansion, this property stands as a promising location for retail, service, or office-based ventures looking to capitalize on the area's dynamic commercial landscape.