Flex Building with Production
For Lease
$7,706/Mo
264 West Drive, Melbourne, FL 32904
Separate office, production, and support areas provide a flexible mix of workspace.
Space Size7,114 SF
Lot Size0.94 Acres
Days on Market73
Property Features for 264 West Drive
General Information
Standard status
Active
Size
7,114 SF
Net Rentable
7,114 SF
Lot size
0.94 Acres
Property subtype
Mixed Use
Space & Availability
Available Space
7,114 SF
Contiguous Space
7,114 SF
Space Use
Flex
Warehouse & Industrial
Clear Height
15 ft
Office Build-Out
3,200 SF
Taxes and HOA fees
Annual Taxes
$13,040
Amenities
secure landscaped outdoor amenity area with patio seating and decorative water feature
Building Details
Building Size
7,114 SF
Year Built
1993
Buildings
1
Listing Agency:
Waterman Real Estate
Listed By:
MVP SALES GROUP
Source:
Mvpsalesgroup
Added: Aug 21
Changed: Oct 30
Last Checked: Oct 30 at 2:04AM
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 Waterman Real Estate
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Investment Insights
Based on property information with market context.
This 7,114-square-foot flex building on 0.94 acres combines approximately 3,900 square feet of production and work area with 3,200 square feet of office and support space. The office component includes eight private offices, reception, a kitchen and break room, three restrooms, and utility and storage areas. Two production rooms, three 12-by-10-foot roll-up doors, and 15-foot ceilings with 10-foot drop ceilings serve the work area. Two of the roll-up doors are currently covered and could potentially be reactivated.
At 264 West Drive in Melbourne, the property has access from both sides and parking at the front and rear. A landscaped outdoor area includes patio seating and a decorative water feature. The building was constructed in 1993, has a new TPO roof with custom coping, and was painted approximately three years ago. Stated potential applications include office, light industrial, production, service, showroom, and specialty uses.
At 264 West Drive in Melbourne, the property has access from both sides and parking at the front and rear. A landscaped outdoor area includes patio seating and a decorative water feature. The building was constructed in 1993, has a new TPO roof with custom coping, and was painted approximately three years ago. Stated potential applications include office, light industrial, production, service, showroom, and specialty uses.
Key Highlights
- 7,114 SF building on 0.94 acres
- Approximately 3,900 SF of production/work area and 3,200 SF of office/support space
- Eight private offices, two production rooms, three restrooms, reception, and kitchen/break room
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
15 ft
Clear height
NNN (Triple Net)
Lease Type
$1.95 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
632
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32904, FL
35,399
Population
15,117
Households
2.3
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
217.1 sq mi
ZIP Area
163
Density / Sq Mi
$86,943
Median Household Income
$42,451
Median Earnings
$1,763
Median Rent
$334,400
Median Home Value
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Market
Lease Benchmarks for Melbourne, FL
$13.3 /SF/Yr
Avg Asking Price
$1.07–$22.65 /SF/Yr
Price Range
6,016 SF
Avg Space Size
This space is priced 2% below the average of $13.3 /SF/Yr.
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Separate office, production, and support areas provide a flexible mix of workspace.
Where is this flex space located?
The property is located at 264 West Drive Melbourne, FL.
What is the lease rate?
The lease rate is $7,706/Mo.
What are key features of this property?
This property features: 7,114 SF building on 0.94 acres; Approximately 3,900 SF of production/work area and 3,200 SF of office/support space; Eight private offices, two production rooms, three restrooms, reception, and kitchen/break room
