311 Mercury Avenue SE, Palm Bay, FL 32909
$440,000
Property Type:
Land
Lot Size (sq. ft.):
71,874
Status:
Active
Current Price:
$440,000
List Date:
10/13/2026
Last Modified:
10/13/2026
Overview
Description
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.
Listing Details MLS# 1089930
General Property Information
- Lot Size Acres
- 1.65
- Property Use
- 00 / VACANT RESIDENTIAL LAND (MULTI-FAMILY, PLATT
- CDD Fee YN
- No
- List Price/Acre
- 266666.67
Property Features
Current Use:
Other
Listing Terms:
Other
Lot Features:
Other
Possession:
Close Of Escrow
Road Frontage Type:
City Street
Security Features:
Other
Sewer:
Unknown
Showing Requirements:
Call Listing Agent
Special Listing Conditions:
Standard
Utilities:
Other
View:
Other
Water Source:
Other
Contract Information
- OriginalListPrice
- 440000
- Listing Contract Date
- 2026-10-13
- Property Sub Type
- Unimproved Land
- Comp Sale YN
- No
Location Tax and Legal
- Street Number
- 311
- Street Name
- Mercury
- Street Suffix
- Avenue
- Street Direction Suffix
- SE
- County
- Brevard
- State
- FL
- Postal Code
- 32909
- MLS Area Major
- 342 - Malabar/Grant-Valkaria
- Subdivision Name
- Port Malabar Unit 40
Remarks and Miscellaneous
- Public Remarks
- 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.
Status Change Information
- Major Change Timestamp
- 2026-10-13T19:06:03Z
- Major Change Type
- New Listing
- StatusChangeDate
- 2026-10-13
More Information
Location, Tax, and Legal
- Tax Account
- 2923036
- Parcel Number
- 29-37-03-26-01986.0-0012.00
- General County Location
- South
- Elementary School
- Port Malabar
- Middle School
- Stone
- High School
- Palm Bay
- Tax Annual Amount
- 1544.14
- Tax Year
- 2025
- Tax Legal Description
- PORT MALABAR UNIT 40 LOT 12 BLK 1986
- Directions
- East side of Mercury Ave SE in Port Malabar, one block south of Agora Circle SE.
Current Use
- Other
- Yes
Listing Terms
- Other
- Yes
Lot Features
- Other
- Yes
Possession
- Close Of Escrow
- Yes
Road Frontage Type
- City Street
- Yes
Security Features
- Other
- Yes
Sewer
- Unknown
- Yes
Special Listing Conditions
- Standard
- Yes
Utilities
- Other
- Yes
View
- Other
- Yes
Water Source
- Other
- Yes
Showing Requirements
- Call Listing Agent
- Yes
Listing Office:
Reach Commercial Real Estate
Last Updated: October - 13 - 2026
Information is deemed to be reliable, but is not guaranteed.