Industrial Properties in Palm Bay, Florida, offer a unique opportunity for investors to tap into the city's growing economy. With a population of approximately 120,000, Palm Bay is an attractive location for businesses looking to establish a presence in the region. Industrial Properties in Palm Bay can represent a range of investments, from warehouses and manufacturing facilities to research and development centers and medical facilities. The city's infrastructure, including major roads like U.S. 1 and Interstate 95, makes it an ideal location for businesses that require easy access to transportation routes. Additionally, Palm Bay's proximity to the Indian River Lagoon and the St. Johns River provides a unique opportunity for businesses that rely on water transportation. The city's education system, which includes schools like Bayside High School and Palm Bay High School, also provides a skilled workforce for businesses. With amenities like the Fred Poppe Regional Park and the Turkey Creek Sanctuary, Palm Bay is a great place for business and travel, with attractions like the Tough Mudder race and the developing riverfront area.
Palm Bay's Industrial Properties offer a range of opportunities for investors, with 6 listings currently available. In addition to Industrial Properties, Palm Bay is also home to a range of other property types, including Warehouses, which offer flexible space for businesses that require storage and distribution facilities. Land is also available for development, providing an opportunity for businesses to build custom facilities that meet their specific needs. Apartment Buildings are another option, providing a steady stream of income for investors. And, with a range of Commercial Real Estate options available, businesses can find the perfect location for their operations. With its unique combination of infrastructure, education, and amenities, Palm Bay is an attractive location for businesses of all types.
What is the average price per square foot for industrial properties in Palm Bay?
The average price per square foot for industrial properties in Palm Bay is $162 USD.
How do location and transportation access affect industrial property values?
In Palm Bay, Florida, the location and transportation access of industrial properties significantly impact their values, as proximity to major roads, highways, and infrastructure can increase accessibility, efficiency, and profitability for businesses.
- Properties located near major transportation hubs, such as Interstate 95 and U.S. 1, tend to have higher values due to their ease of access to regional and national markets.
- The city's extensive network of highways, totaling approximately 851 miles, also contributes to the desirability and value of industrial properties, particularly those situated near key interchanges and intersections.
- Furthermore, the presence of large corporations, such as Harris Corporation and Bombardier Recreational Products, in Palm Bay's industrial areas can drive up property values due to the increased demand for space and services.
