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Freestanding Flex Space with Lake Frontage
For Lease
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1291 Lake Washington Road Bldg 2, Melbourne, FL 32935

Freestanding commercial space offers lake frontage, parking, and as-is or build-to-suit leasing options.

Space Size3,700 SF
Days on Market12

Property Features for 1291 Lake Washington Road Bldg 2

General Information

Standard status Active
Size 3,700 SF
Net Rentable 3,700 SF
Property subtype Industrial
Lease Type NNN

Space & Availability

Available Space 3,700 SF
Contiguous Space 3,700 SF
Space Use Flex
Available From Immediate

Lease Terms

Lease Rate $11.50 /USD/SF/YR
Monthly Rent $3,545
Rent per SF/Year $11.50

Building Details

Buildings 1
Tenancy Single
Building Size 3,700 SF

Spaces For Lease

at 1291 Lake Washington Road Bldg 2 Contact us

Bldg 2

Size
3,700 SF
Type
Industrial
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: MVP Sales Group of Waterman Real Estate
Listed By: Meili Viera Porter · License #BK3215665
Source: Crexi
Added: Aug 19 Changed: Aug 30 Last Checked: Aug 30 at 12:50AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MVP Sales Group of Waterman Real Estate

Investment Insights

Based on property information with market context.

Located at 1291 Lake Washington Road in Melbourne, this freestanding flex property includes approximately 3,700 SF on nearly one acre. The site has direct Lake Washington frontage, on-site parking, and existing improvements from its former car wash use.

The building can be leased in its current configuration or repositioned through a landlord-led build-to-suit renovation based substantially on proposed plans. This provides two distinct occupancy paths within the same commercial asset: immediate use of the existing facility or a newly configured space tailored to the selected tenant’s operational requirements.

Key Highlights

  • Approximately 3,700 SF freestanding commercial building
  • Nearly 1 acre of land
  • Direct Lake Washington frontage

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Dental Office Restaurant Law Firm Real Estate Agency Spa & Massage Center Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.72 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

377
Businesses Nearby
Balanced
Demand for This Use

Demographics for 32935, FL

41,837
Population
20,338
Households
2.1
Avg Household Size
44
Median Age
28%
College-Educated
94%
High-School Grad
13.1 sq mi
ZIP Area
3,194
Density / Sq Mi
$63,841
Median Household Income
$38,094
Median Earnings
$1,404
Median Rent
$240,500
Median Home Value

Market

Lease Benchmarks for Melbourne, FL

$13.19 /SF/Yr
Avg Asking Price
$4.05–$18.3 /SF/Yr
Price Range
7,278 SF
Avg Space Size

This space is priced 13% below the average of $13.19 /SF/Yr.

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Freestanding commercial space offers lake frontage, parking, and as-is or build-to-suit leasing options.
Where is this flex space located?
The property is located at 1291 Lake Washington Road Bldg 2 Melbourne, FL.
What are key features of this property?
This property features: Approximately 3,700 SF freestanding commercial building; Nearly 1 acre of land; Direct Lake Washington frontage
More about this property
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