Cleared Residential Development
For Sale
$649,900
7485 Sheridan Road, Melbourne, FL 32904
Almost two acres of cleared, utility-prepared land zoned for residential entry from two roads.
Property Size84,506 SF
Lot Size2.00 Acres
Price / SF$7.69
Days on Market118
Property Features for 7485 Sheridan Road
General Information
Standard status
Active
Size
84,506 SF
Lot size
2.00 Acres
Property subtype
Land / Unimproved Land
Zoning
Residential
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
18
Taxes and HOA fees
Annual Taxes
$2,771
Listing Agency:
Engel&Voelkers Melb Beachside
(321) 205-5704
Listed By:
Shalom Leigh McGoffin · License #3441320
(321) 205-5704
Source:
Compass
Added: Apr 27
Changed: Aug 8
Last Checked: Jul 15 at 10:33PM
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 Engel&Voelkers Melb Beachside
Investment Insights
Based on property information with market context.
Almost 2 acres of cleared land offered for residential development, with utilities prepared and the site ready to build. The property is zoned for residential use and provides entry from two roads. Power has been addressed with the seller having received verbal approval from the city planner to build 18 townhomes, along with provisions for that plan.
The land is located near major travel routes, close to 192 and Wickham Road, and just minutes to Melbourne Mall, downtown shops, parks, and a boat launch. It also offers a short ride to the beach and remains close to I-95.
This property can fit developers and builders looking for a residential layout, whether pursuing the planned townhome concept or utilizing the site for multiple homes, including room for four homes on 0.5-acre lots. With the clearing completed and utilities prepared, it presents a practical starting point for an owner-operator or development group evaluating residential entitlements and build-out.
The land is located near major travel routes, close to 192 and Wickham Road, and just minutes to Melbourne Mall, downtown shops, parks, and a boat launch. It also offers a short ride to the beach and remains close to I-95.
This property can fit developers and builders looking for a residential layout, whether pursuing the planned townhome concept or utilizing the site for multiple homes, including room for four homes on 0.5-acre lots. With the clearing completed and utilities prepared, it presents a practical starting point for an owner-operator or development group evaluating residential entitlements and build-out.
Key Highlights
- Almost 2 acres of cleared, utility‑prepared residential land
- Zoned for residential use with entry from two roads
- Utilities are prepared and land is ready to build
Property Analytics
Property Profile
Current Use
Lease Details
18
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Almost two acres of cleared, utility-prepared land zoned for residential entry from two roads.
Where is this residential land & home lot located?
The property is located at 7485 Sheridan Road Melbourne, FL.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Almost 2 acres of cleared, utility‑prepared residential land; Zoned for residential use with entry from two roads; Utilities are prepared and land is ready to build
