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Renovated Flex Space Available
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2850 Allen Hill Ave, Melbourne, FL 32940

Newly renovated flex space with highway access for lease.

Space Size1,875 SF
Property Size13,875 SF
Days on Market510

Property Features for 2850 Allen Hill Ave

General Information

Standard status Active
Size 1,875 SF
Property subtype Industrial, Office
Lease Type Modified Gross

Building Details

Building Size 13,875 SF
Year Built 1998
Tenancy Multiple

Spaces For Lease

at 2850 Allen Hill Ave Contact us

Unit D

Size
1,875 SF
Type
Industrial, Office
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: Charles A. Von Stein, Inc
Listed By: Kirk Von Stein
Source: Crexi
Added: Mar 31, 2025 Changed: Aug 14 Last Checked: Aug 22 at 7:45AM

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 Charles A. Von Stein, Inc

Investment Insights

Based on property information with market context.

This property offers a newly renovated space with access from Allen Hill Avenue, located off US Highway One. Parking is available on both sides of each warehouse. The location is approximately one mile from Pineda Causeway and 3.8 miles from I-95, with I-95 being about ten minutes away from the Allen Hill Industrial Complex. The property has undergone extensive interior and exterior renovations, including new paint and signage, enhancing its overall appeal.

Key Highlights

  • Newly renovated interior and exterior, offering a fresh, modern appeal.
  • Excellent value for the renovated space.
  • Convenient location: just one mile from Pineda Causeway.

Property Analytics

Current Use

Cannibal Surfboards/CoreVac Composites (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Auto Repair Shop Parking Lot & Garage HVAC Service Garden Center Big Box & Wholesale Store Building Supply

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
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

789
Businesses Nearby
Balanced
Demand for This Use

Demographics for 32940, FL

44,869
Population
21,433
Households
2.1
Avg Household Size
51
Median Age
52%
College-Educated
97%
High-School Grad
57.3 sq mi
ZIP Area
783
Density / Sq Mi
$106,511
Median Household Income
$56,072
Median Earnings
$1,904
Median Rent
$444,100
Median Home Value

Market

Lease Benchmarks for Melbourne, FL

$14.54 /SF/Yr
Avg Asking Price
$9.95–$18.3 /SF/Yr
Price Range
6,912 SF
Avg Space Size

This space is priced 4% below the average of $14.54 /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
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Newly renovated flex space with highway access for lease.
Where is this flex space located?
The property is located at 2850 Allen Hill Ave Melbourne, FL.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Newly renovated interior and exterior, offering a fresh, modern appeal.; Excellent value for the renovated space.; Convenient location: just one mile from Pineda Causeway.
(772) 778-4885 Call to check price and availability
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